Bovee v. Lyndonville Savings Bank & Trust Co.

How courts have described this case

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

• stating general rule that shareholder has standing to bring direct or personal action only if alleged injury is separate and distinct from injury suffered by other shareholders or corporation
• “Apart from the alleged impact on plaintiffs’ investment and the value of the shares, which affected all shareholders, plaintiffs’ complaint fails adequately to allege or demonstrate any separate and discrete injury entitling them to bring a direct action.”

Source: CourtListener parenthetical corpus (CC0).