City of St. Clair Shores General Employees Retirement System v. Inland Western Retail Real Estate Trust, Inc.

How courts have described this case

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

• holding that, under Maryland law, shareholders cannot bring direct claims for breach of fiduciary duties against the directors of a corporation for duties owed by the directors to the corporation and shareholders
• alleging fairness opinion was based on “inflated financials” and “relied on faulty information”
• “[Shareholders] lack standing to bring a direct action for breach of fiduciary duty against the [corporation’s directors or officers.]”

Source: CourtListener parenthetical corpus (CC0).