First Finance Co. v. Federal Deposit Insurance

How courts have described this case

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

• “claim of mismanagement resulting in corporate waste, if proven, represents a direct wrong to the corporation *** [and] is entirely derivative in nature”
• “wrongful actions ... which injure the stockholders by impairing the capital position of the corporation give no right of action to the stockholders as individuals.

Source: CourtListener parenthetical corpus (CC0).