Fasciana v. Electronic Data Systems Corp.

How courts have described this case

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

• noting challenge to reasonableness of fees may not matter because officer may be obligated to repay all funds
• “Notwithstanding the use of the term ‘escrow agent’ it is clearly established that an escrow holder is not . . . an agent of either party”
• an advancement is best thought of as a credit advanced to a director of a corporation
• plaintiff only entitled to advancement of fees relating to limited claim brought against him as an agent for the company
• “Unless some gross problem arises, a balance of fairness and efficiency. . . counsel[s] deferring fights about details until a final indemnification proceeding.”

Source: CourtListener parenthetical corpus (CC0).