Baird v. Cahoon

How courts have described this case

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

• finding that corporate officers who bought shares in corporation on a stock exchange based on inside information had no direct fiduciary obligation to disclose such information to plaintiff shareholder who sold his shares on the exchange
• stating that a director having insider information creates an “obligation to observe every requirement of fair dealing” in buying and selling stock such that “relief may be granted in appropriate instances” where a director engages in trading based that knowledge

Source: CourtListener parenthetical corpus (CC0).