VASKEN IMASDOUNIAN ET AL VS DANIEL IMASDOUNIAN ET AL

Case No.: BC716508    



VASKEN IMASDOUNIAN; Plaintiff, vs. DANIEL IMASDOUNIAN, et al..; Defendants.

Case No.: BC716508

Hearing Date: December 14, 2018

[TENTATIVE] RULING RE:

Plaintiff Vasken Imasdounian’s Motion for Removal of Director and/or for Preliminary Injunction.

Plaintiff Vasken Imasdounian’s Motion for Removal of Director and/or for Preliminary Injunction is DENIED.

Factual Background

This is an action for breach of corporate fiduciary duties. The Complaint alleges as follows. Plaintiff Vasken Imasdounian (“Vasken”) and Defendant Daniel Imasdounian (“Daniel”) each own 50% of Bolero Industries, Inc. (“Bolero”), and serve as directors of the company. (Complaint ¶¶ 7–8.) In early 2018, Daniel unilaterally ordered that monthly distributions to himself and Vasken cease, and that Daniel receive a salary as manager. (Complaint ¶ 9.) Around the same time, Vasken discovered that a relative who........