Cates v. L. C. Sparkman & Wise County Coal Co.

How courts have described this case

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

• affirming dismissal of shareholder’s claim against company’s controller for devaluation of shares brought by shareholder individually because right of action belonged to corporation
• “injurious practices, abuse of power, and oppression on the part of the company or its controlling agency clearly subversive to the rights of the minority, or a shareholder” are not protected by the business judgment rule
• discussing the equitable nature of shareholder derivative actions

Source: CourtListener parenthetical corpus (CC0).