Bokat v. Getty Oil Company

How courts have described this case

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

• granting leave to amend under rule 15(a) is “always addressed to the discretion of the trial court”
• a claim that a majority shareholder caused the corporation to pay excessive fees for the majority’s benefit, rather than for proper corporate purpose, held derivative
• “When the court applies a statute of limitation by analogy, however, it makes no such specific inquiry [into the case]; it makes no assessment of fairness or prejudice.”
• plaintiff who fails to attack merger cannot invoke a court’s equitable powers against the merger in a later direct action
• “When the relief sought in Chancery is legal in nature, it is clear that Chancery will apply the statute of limitations rather than the equitable doctrine of laches.”
• “[W]hen an injury to corporate stock falls equally upon all stockholders, then an individual stockholder may not recover for the injury to his stock alone, but must seek recovery derivatively in behalf of the corporation.”

Source: CourtListener parenthetical corpus (CC0).