Tag Archives: Business Law Case Briefs

New York Central & Hudson River Railroad Co. v. U.S.

29 S.Ct. 304 (1908) Facts: The Defendant Corporation was a railroad company that was prosecuted by the federal government for violating a statute that prohibited the provision of rebates for shipments. The violated statute permitted the company to be criminal…

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Graham v. Allis-Chalmers Manufacturing Co.

41 Del.Ch. 78, 188 A.2d 125 (Del.Supr. 1963) Facts: Ds were directors of a company recently convicted of price fixing and violating various anti trust laws. Ds claim to have not known of the activities of the company employees and …

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In re Caremark International Inc.

698 A.2d 959 (Del.Ch. 1996) Facts: Caremark’s employees were indicted for violating healthcare fraud statutes, which ultimately resulted in $250M total fines. Shareholders of Caremark sued the board of directors derivatively for breach of their fidu…

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Stone v. Ritter

911 A.2d 362 (Del. Supr. 2006) Facts: Two individuals were operating a Ponzi scheme, which operated the majority of its funding through AmSouth bank. Ultimately, two Ponzi schemers were convicted and the bank was required to pay over $50 million …

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United Housing Foundation, Inc., v. Forman

421 U.S. 837, 1975 Facts: United Housing gave D the right to lease a room in a coop. They are entitled to buy shares which give them the right to rent a specific room. “In effect, their purchase is a …

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