Gatz v. Ponsoldt

How courts have described this case

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

• concluding that transaction in which stockholder gained controlling position and public stockholders were diminished to a minority position were not exclusively derivative and could have been brought directly
• concluding that transaction in which stockholder gained controlling position and public stockholders were diminished to a minority position were not exclusively derivative and could have been brought directly
• concluding that transaction in which stockholder gained controlling position and public stockholders were diminished to a minority position were not exclusively derivative and could have been brought directly
• explaining that directors have a fiduciary duty ―to promote the value of the corporation for the benefit of its stockholders‖
• determining that a claim was dual in nature where “the fiduciary exercise[d] its stock control to expropriate, for its benefit, economic value and voting power from the public shareholders”
• requiring a “fiduciary [who] exercises its control over the corporate machinery to cause an expropriation of economic value and voting power from the public shareholders”

Source: CourtListener parenthetical corpus (CC0).