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Co. president owes fiduciary duty to fired doctor/shareholder

Medical practice had ‘attributes of’ close corporation

A shareholder/physician who was terminated from a medical group could bring a breach-of-fiduciary-duty claim against its president, a Superior Court judge in Massachusetts recently ruled. Plaintiff Stephen Punzak was an anesthesiologist in an 83-person professional corporation, defendant Anesthesia Associates of Massachusetts, P.C., in which each doctor was an equal shareholder and there were no non-physician shareholders. ...

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