Dowling v. Narragansett Capital Corp.

How courts have described this case

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

• holding that the question of whether the plaintiffs were “an actually foreseen and limited class of persons” who relied upon the financial statements and misrepresentations made by the defendants is a question of fact for the jury
• stating that one of the purposes behind Fed. R. Civ. P. 9(b
• allowing recovery to accrue to the control of those who committed wrongdoing would produce \absurd result\
• minority shareholder could bring direct action; to require him to bring suit on behalf of corporation would benefit controlling shareholders, which is \an absurd result\

Source: CourtListener parenthetical corpus (CC0).