AAA Free Move Ministorage L.L.C. v. Brigham Living Trust

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that information on process is material if it helps a reasonable stockholder reach a “more accurate assessment of the probative value of the [transaction’s] process”
• holding that complaint stated claim that Schedule 14D-9 omitted material information where it failed to disclose founder’s clear preference for a deal with a particular bidder, including willingness only to rollover shares in a deal with that bidder
• noting that Berry communicated his intention to sell his equity absent a sale of the company prior to the sale process officially beginning
• noting that Berry communicated his intention to sell his equity absent a sale of the company prior to the sale process officially beginning
• applying materiality test when determining whether vote was sufficient informed to warrant application of the business judgment standard under Corwin
• declining to apply Corwin because the defendants failed to show that the vote was fully informed

Source: CourtListener parenthetical corpus (CC0).