In CASE 19.1 Gatz Properties, LLC v. Auriga Capital Corporation (2012), Gatz Properties was the managing member of Peconic Bay, LLC, controlled by the Gatz family. After failing to dislose material offers for assets of the LLC, Gatz bought out the minority members' interests in Gatz Properties LLC for $20,89. The minority members sued, winning over $800,000 based on Gatz's breach of fiduciary duties. Gatz appealed. How did the court rule on appeal on why?

Question 11 options:

a. Affirmed, Gatz had breached its fiduciary duties to the minority members of Gatz Properties, LLC.

b. Affirmed, Gatz had breached its lease with Peconic Bay LLC.

c. Reversed, Gatz had breached its fiduciary duties to the minority members of Gatz Properties, LLC.

d. Reversed, Gatz had breached its lease with Peconic Bay LLC.