The Tenth District Court of Appeals upheld the trial court’s decision (Judge Richard A. Frye, Franklin County Court of Common Pleas) regarding officers’ excessive compensation relying, in part, on expert testimony from GBQ’s Rebekah Smith, who the Court of Appeals described as “a very well-qualified, objective and credible witness.” This case, Lynn Edelman v. JELBS, No. 14AP-512, was brought by a minority shareholder, individually and derivatively on behalf of EDCO Tool and Supply, Inc. (EDCO), against individuals who were majority shareholders and officers.


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