Shrader Asset Management Co., et al. v. Conbraco Industries, Inc., et al., Case No. 02-30312, Adv. Proc. 02-3052 (Bankr. W.D.N.C. Oct. 16, 2002)(Whitley) - Suit by minority shareholders of a closely held corporation against the controlling shareholder for wrongful conduct and corruption. Defendants moved to dismiss, alleging plaintiffs could not assert these Meiselman claims in their individual capacities and had not met the state law prerequisites to a derivative action. The Court held that the defendants' motions to dismiss should be denied because the Complaint stated a cause of action under Norman v. Nash Johnson & Sons' Farms, Inc., 140 N.C. App. 390, 537 S.E.2d 248 (2000). In addition, plaintiffs' Meiselman claims should withstand dismissal as the plaintiffs had pled and the Court was obliged to accept as true the allegation that Conbraco was a closely-held corporation.