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Judge Gants granted summary judgment to
defendants on plaintiff’s claims for breach of fiduciary
duty, breach of corporate by-laws, and violations of G.L.
c. 93A. The court found that the transfer of stock from
one physician shareholder to another that formed the
basis of plaintiff’s complaint was never actually
completed; there were thus no damages to be proved and
no basis for the claim to go forward. The court further
found that the alleged contractual obligation of one
shareholder to refer patients to another shareholder was
not, in fact, mentioned anywhere in the contract – nor
would the court recognize such an alleged obligation to
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among the fiduciary duties owed by
one shareholder to another in a professional
corporation. With similar dispatch, the court also
rejected plaintiff’s claim for breach of a promise by
one shareholder to sub-lease premises to the
corporation. This claim was not raised in plaintiff’s
complaint, was barred by the statute of frauds, and was
not supported by any evidence of damages. Finally, the
court rejected plaintiff’s 93A claim, noting that
disputes among closely-held shareholders fall outside
the rubric of the statute.
The Court Orders President of Corporation
to Permit Access to Corporate Records.  |