A judge expects to reach a decision later this month in the breach of duty lawsuit between the co-founder of Precision Dynamics Corp. and company executives. Los Angeles County Superior Judge Teresa Sanchez-Gordon will issue a ruling on Nov. 29 on whether San Fernando-based Precision Dynamics co-founder Walt Mosher was successful in proving allegations outlined in a lawsuit filed in September. The trial finished today. Mosher, 72, alleged a power grab for control of privately held Precision Dynamics by company President and CEO Gary E. Hutchinson, Chief Financial Officer Mark Segal and board members Jonathan Lasch, Robert B. Kraemer and Robert F. Foster. The suit seeks to oust Lasch and Foster from the board and show that Segal failed to carry out his duties as inspector in election of board members, according to court testimony. The case also focuses on whether Kraemer and Hutchinson, majority shareholders in the company, failed to hold a shareholders meeting in compliance with state code and breached their fiduciary duty by taking steps to keep Mosher from electing a board member at an August shareholders meeting. The suit accuses the defendants of trying to skirt safeguards for Mosher, a minority shareholder, to keep the company he created intact. In courtroom testimony Friday morning, Lasch testified that he did not conspire to gang up on Mosher. “Personally, I like Walt,” he said. Through his questions, Mosher attorney Howard Gould attempted to show Lasch was not an independent board member because he was a paid consultant for Precision Dynamics, contributed to the company’s mentoring program and attended quarterly goal setting meetings. Under questioning from defense attorney Ronald Nessim, however, Lasch said that Mosher was well aware of his consulting work for Precision Dynamics and had approved an invoice for his services in July 2002, a month after Lasch became a board member. Lasch denied allegations in the lawsuit that he told Mosher he would step down from the board if asked to by Mosher. “It is a breach of duty as a director to do that,” Lasch said. Precision Dynamics designs, manufactures and distributing identification band systems. Check back with the San Fernando Valley Business Journal for continuing coverage of the case.