Charles P. Liboff, Plaintiff-Appellant-Cross-Appellee v. Louis E. Wolfson, Defendants-Appellees-Cross-Appellants

How courts have described this case

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

• the complaint, held to “fully meet the requirements of the rule”, alleged “The majority of said directors, participated, approved of and acquiesced in said transaction”
• demand futile where defendant directors conceded that majority of board met description of ownership and control
• rule waived where majority of Board approved transaction

Source: CourtListener parenthetical corpus (CC0).