Bird v. Lida, Inc.

How courts have described this case

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

• observing that “individual shareholders have little incentive to bear the costs associated with activities the monitor board of director (or management) performance”
• explaining that entrepreneurial plaintiff attorneys can “pursue monitoring activities that are wealth increasing for the collectivity (the corporation or the body of its shareholders)”
• explaining that entrepreneurial plaintiff attorneys can “pursue monitoring activities that are wealth increasing for the collectivity (the corporation or the body of its shareholders)”
• where leases requiring continuing payments allegedly at above market rates predated ownership of derivative plaintiffs, the continuous ownership requirement barred their claim and the continuing wrong exception was inapplicable

Source: CourtListener parenthetical corpus (CC0).