Gabelli & Co. v. Liggett Group, Inc.

How courts have described this case

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

• affirming the application of the business-judgment rule because minority stockholders failed to demonstrate such “self-dealing” or “detriment” as to warrant application of “intrinsic fairness test”
• Dividends may not be withheld as a result of “fraud or-gross abuse of discretion’’
• Dividends may not be withheld as a result of “fraud or gross abuse of discretion”
• Dividends may not be withheld as a result of “fraud or gross abuse of discretion”
• “It is settled law in [Delaware] that the declaration and payment of a dividend rests in the discretion of the corporation’s board of directors in the exercise of its business judgment[.]”
• equitable action to compel payment of dividend

Source: CourtListener parenthetical corpus (CC0).