W.C. Striegel, Inc., a 75-year-old pipeline construction company located in Rangely, Colorado, prevailed in its lawsuit against its founder and former President Larry (Bud) Striegel for breaching his fiduciary duties. The lawsuit was brought derivatively on behalf of W.C. Striegel, Inc. by one of its minority shareholders, William R. Willis.
After an eight-day trial in Rio Blanco County, the jury returned a verdict in favor of W.C. Striegel, Inc. finding that Larry Striegel had diverted…