Agostino v. Hicks

How courts have described this case

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

• concluding that a claim of mismanagement, if proven, represents a direct wrong to the corporation that is indirectly experienced by all shareholders
• holding a claim that a company impeded the pursuit of a value- maximizing transaction was a claim of mismanagement and therefore derivative
• observing that “warrants were issued as partial consideration for providing [a loan] to [the company] (the benefits of which were indirectly shared by plaintiff)”
• explaining that “[o]ne corporate power exercised by the board of directors is the conduct of litigation that seeks to redress harm inflicted upon the corporation”
• holding a claim that a company impeded the pursuit of a value- maximizing transaction was a claim of mismanagement and therefore derivative
• recommending change in standard for distinguishing between direct and derivative actions

Source: CourtListener parenthetical corpus (CC0).

Cited by

58 cases in this archive cite this case; the 20 most cited are listed.

• Schroeder v. Pinterest Inc.
  Appellate Division of the Supreme Court of New York· 2015-10-06· cited 327×
• North American Catholic Educational Programming Foundation, Inc. v. Gheewalla
  Supreme Court of Delaware· 2007-05-18· cited 207×
• Gentile v. Rossette
  Supreme Court of Delaware· 2006-08-17· cited 149×
• Grosset v. Wenaas
  California Supreme Court· 2008-02-14· cited 127×
• In Re J.P. Morgan Chase & Co. Shareholder Litigation
  Court of Chancery of Delaware· 2005-04-29· cited 93×
• Citigroup Inc. v. AHW Investment Partnership, MFS, Inc.
  Supreme Court of Delaware· 2016-05-24· cited 32×
• Dieterich v. Harrer
  Court of Chancery of Delaware· 2004-08-03· cited 29×
• In re El Paso Pipeline Partners, L.P. Derivative Litigation
  Court of Chancery of Delaware· 2015-12-02· cited 27×
• McBeth v. Porges
  S.D. New York· 2016-03-21· cited 26×
• Noelle Lee v. Robert Fisher
  Ninth Circuit· 2023-06-01· cited 24×
• Litwin v. Oceanfreight, Inc.
  S.D. New York· 2011-11-02· cited 22×
• In re Massey Energy Co. Derivative and Class Action Litigation
  Court of Chancery of Delaware· 2017-05-04· cited 16×
• Capital Z Financial Services Fund II, L.P. v. Health Net, Inc.
  Appellate Division of the Supreme Court of New York· 2007-07-05· cited 15×
• In Re Evergreen Mutual Funds Fee Litigation
  S.D. New York· 2006-03-24· cited 14×
• Oliveira v. Sugarman
  Court of Special Appeals of Maryland· 2016-01-28· cited 14×
• Higgins v. New York Stock Exchange, Inc.
  New York Supreme Court· 2005-09-02· cited 12×
• Metcoff v. Lebovics
  Connecticut Superior Court· 2007-08-16· cited 6×
• In Re Dexterity Surgical, Inc.
  S.D. Texas· 2007-03-15· cited 5×
• Kollman v. Cell Tech International, Inc.
  Court of Appeals of Oregon· 2012-05-31· cited 5×
• In re Medtronic, Inc. Shareholder Litigation
  Supreme Court of Minnesota· 2017-08-16· cited 5×

Cites

19 cases in this archive are cited by this case.

• Brehm v. Eisner
  Supreme Court of Delaware· 2000-02-09· cited 877×
• Smith v. Van Gorkom
  Supreme Court of Delaware· 1985-03-14· cited 428×
• Fed. Sec. L. Rep. P 98,860 Athalie Doris Joy v. Nelson L. North, Nelson L. North
  Second Circuit· 1982-11-04· cited 388×
• Zapata Corp. v. Maldonado
  Supreme Court of Delaware· 1981-05-13· cited 335×
• Paramount Communications Inc. v. QVC Network Inc.
  Supreme Court of Delaware· 1994-02-04· cited 265×
• Grimes v. Donald
  Supreme Court of Delaware· 1996-04-11· cited 233×
• Kramer v. Western Pacific Industries, Inc.
  Supreme Court of Delaware· 1988-08-22· cited 231×
• In Re Tri-Star Pictures, Inc., Litigation
  Supreme Court of Delaware· 1993-12-08· cited 169×
• Lewis v. Anderson
  Supreme Court of Delaware· 1984-04-18· cited 156×
• Sternberg v. O'NEIL
  Supreme Court of Delaware· 1988-11-18· cited 149×
• Moran v. Household International, Inc.
  Court of Chancery of Delaware· 1985-01-29· cited 129×
• Bershad v. Curtiss-Wright Corp.
  Supreme Court of Delaware· 1987-12-30· cited 125×
• Parnes v. Bally Entertainment Corp.
  Supreme Court of Delaware· 1999-01-25· cited 114×
• Lipton v. News International, Plc
  Supreme Court of Delaware· 1986-09-16· cited 79×
• Elster v. American Airlines, Inc.
  Court of Chancery of Delaware· 1953-10-14· cited 64×
• In Re Gaylord Container Corp. Shareholders Litigation
  Court of Chancery of Delaware· 1999-08-10· cited 36×
• Taormina v. Taormina Corp.
  Court of Chancery of Delaware· 1951-02-07· cited 21×
• Thorpe v. Cerbco, Inc.
  Court of Chancery of Delaware· 1991-11-15· cited 17×
• Furst v. Feinberg
  Third Circuit· 2002-12-18· cited 2×