Davis v. Dyson

How courts have described this case

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

• explaining that “[a] derivative suit technically consists of two causes of action: one against the board of directors for failing to sue, and the other based upon the corporate right that was allegedly violated.”
• the plaintiff stated a valid cause of action for breach of fiduciary duty where the plaintiff alleged that the board of directors of the condominium association violated the bylaws by failing to purchase the requisite insurance protection
• “[F]or a shareholder to have standing to bring an individual claim, the shareholder must allege an injury that is separate and distinct from that suffered by other shareholders ***.” (Internal quotation marks omitted.)
• “[A]n owner of a condominium unit has no standing to maintain an action in his own right where the alleged injury is inflicted upon the condominium association and the only injury to the unit owner is the indirect harm that consists in the lessening of value of his unit.’’

Source: CourtListener parenthetical corpus (CC0).