American International Group, Consol. Deriv. Lit.

How courts have described this case

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

• holding that the traditional, narrow approach to the adverse interest exception was the correct statement of Delaware law
• holding that “in a case where the agent’s action is totally adverse to the interests of his principal, the law will not impute knowledge of the bad act to the principal,”
• holding that “in a case where the agent’s action is totally adverse to the interests of his principal, the law will not impute knowledge of the bad act to the principal,”
• noting that “a corporation must act through its human agents” and stating that “the agents’ actions are the actions of the corporation itself”
• noting that “a corporation must act through its human agents” and stating that “the agents' actions are the actions of the corporation itself”
• noting that public policy is best served by not applying in pari delicto in suits brought by corporations against their own insiders and agents

Source: CourtListener parenthetical corpus (CC0).