Commonwealth Transportation Comm'r v. Matyiko
No. 960433 · Supreme Court of Virginia. Each entry below is the court's own record, with its date and a link. This page does not say which side is ahead or what an entry means.
Rulings in this case over time
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· Supreme Court of Virginia
Reversed
The court's record, as written
960433 Commonwealth Transportation Comm'r v. Matyiko 01/10/1997 Since, at the time the board of directors of a corporation distributed its assets they had knowledge that an anticipated condemnation award in favor of the corporation possibly would be less than the amount distributed under an interim "drawdown" order, they could not rely on opinions of an attorney and an accountant and the trial court's erroneous ruling that they acted in good faith is reversed. Final judgment is entered for the Commissioner.
Outcome words in this text: reversed.
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