Dynan v. Fritz

How courts have described this case

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

• stating that \good faith requires full and honest disclosure of all relevant circumstances to permit a disinterested decisionmaker to exercise its informed judgment\
• in self-interested transaction, defendant had burden of proof on good faith and fairness to corporation
• “good faith requires a full and honest disclosure of all relevant circumstances to permit a disinterested decision maker to exercise its informed judgment”
• “good faith requires a full and honest disclosure of all relevant circumstances to permit a disinterested decision-maker to exercise its informed judgment,” in context of repurchase of company stock from officer-director
• corporate officers entitled to indemnification under by-laws where, although court rescinded challenged transaction as having breached director’s duty of loyalty, it did not find director acted in bad faith
• director met burden of proving fairness of stock repurchase by corporation

Source: CourtListener parenthetical corpus (CC0).