Garcia

Garcia v. Hejmadi

Bad Law
1997 Cal. App. LEXIS 838·58 Cal. App. 4th 674·68 Cal. Rptr. 2d 228·97 Daily Journal DAR 13083·97 Cal. Daily Op. Serv. 8102
Court of Appeal of CaliforniaOctober 20, 1997A068031California7,345 words

Opinion

Opinion

Lambden, J.

Antonio M. Garcia brought this action against Vivek Hejmadi and Dyna-Tel, Inc. (Dyna-Tel), a New Jersey corporation, for declaratory relief, dissolution, accounting and other relief regarding, at root, a dispute over Dyna-Tel’s ownership. This appeal by Hejmadi follows a 10-day court trial which yielded judgment for Garcia and a lengthy statement of decision.

Background

The case history is complex. We briefly recite it for context, resorting to the statement of decision. Garcia was a shareholder and officer of Chemical Industries of the Philippines (Chemphil) when in 1979 he entered a joint venture agreement for the Philippine manufacture and distribution of electric motors for export, principally to the United States. This led to the purchase of a plant from Marco Electric Motors (Marco) and the formation of Chemark Electric Motors (Chemark), a joint venture of Marco and another of Garcia’s companies, Dynetics, Inc. (Dynetics). In late 1981 and early 1982, Garcia formed Dyna-Tel as a marketing-company outgrowth of that venture, selecting Hejmadi—a financial manager for another of his companies, Intel—as his representative to head the operation.

Paul Fine, a principal…

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