Case Briefs for Law Students and Lawyers

666 N.E.2d 1034 (1996)

Facts:

• P challenged D’s (the board’s) decision to increase three of the outside director’s compensation packages to $55K and 100 shares of stock.

o   P argued this was above the cost of living at the time and was therefore exorb...

393 N.E.2d 994 (1979).

Facts:

• The audit committee of General Telephone & Electronics Corporation reported evidence of bribes and other kickbacks related to dealings with overseas officials.
• Thereafter, these findings were reported to the SEC
• After ...

430 A.2d 779 (1981)

1. Facts:

i.      P brought a derivative suit against D corporation and its officers and board members. P gained his status derivatively, representing all shareholders, deriving his harm from being a shareholder.

ii.      Plaintiff did ...

833 A.2d 961 (2003)

Facts:

• P is a shareholder of Martha Stewart’s company and brought a suit derivatively.  P however, did not make a demand to the company’s directors.
  • P is alleging that Martha Stewart breached her fiduciary duties to the corporation by e...

485 U.S. 224 (1988)

Facts:

• Ds made certain chemical components for the steel industry.
• Combustion Engineering sought D for acquisition, and it was rumored that the two were in talks.
  • As a result of the discussions, trading volume of the Ds company incr...