Commissioner v. Alta Mines, Inc.

How courts have described this case

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

• finding shareholder 3 standing where a corporation prevented shareholders from voting 4 on issues guaranteed to them in the corporation’s registration 5 statement
• shareholders in one series of fund shares had no direct claim and claim must be brought derivatively because only injury to those shareholders was indirect
• shareholders had standing under Massachusetts law to bring direct action for violation of their voting rights
• “However, because the ‘question whether a cause of action exists is not a question of jurisdiction,’ it ‘may be assumed without being decided.’” (quoting Burks v. Lasker, 441 U.S. 471, 476 n.5 (1979))
• quot- ing Levitin v. PaineWebber, Inc., 159 F.3d 698, 700 (2d Cir. 1998)

Source: CourtListener parenthetical corpus (CC0).