Federal Case

How courts have described this case

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

• vacating order approving settlement; “for a minimal if not non-existent benefit to PL & E, the settlement costs [PL & E] $2,100,000. The actual benefits flow only to plaintiffs’ attorneys and the 7% minority stockholders.”
• action brought to challenge settlement agreements in other shareholder derivative suits that dissipated assets of corporation
• “The proceeds of the action belong to the corporation and it is bound by the result of the suit.”

Source: CourtListener parenthetical corpus (CC0).