Funk v. Spalding

How courts have described this case

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

• finding \Spalding's enforced absence from the business while engaged in the service of his country placed upon Funk as manager of the corporation the duty to protect Spalding's interest\
• if corporation is an ongoing concern at time of suit, shareholder can maintain action to recover corporate profits only in a representative capacity in a derivative suit
• “One of the primary purposes of bringing the action in the corporate name is to prevent a multiplicity of actions.”
• noting plaintiff sued directly not derivatively

Source: CourtListener parenthetical corpus (CC0).