Gawel v. DeLuca

How courts have described this case

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

• holding that it is appropriate for “[determinations as to whether the activities of defendants were undertaken in good faith for a legitimate corporate purpose” to go to the jury
• requiring a showing of business purpose to justify the sale of treasury stock
• requiring a showing of business purpose to justify the sale of treasury stock
• “[C]orporate officers and directors . . . owe a fiduciary duty to the plaintiff as a shareholder.”
• “Determinations as to whether the activities of [fiduciaries] were undertaken in good faith for a legitimate corporate purpose ... depend not only on an analysis of the objective facts but as well in part on an appraisal of [fiduciaries’] motives, involving as it will issues of credibility.”
• “Determinations as to whether the activities of [fiduciaries] were undertaken in good faith for a legitimate corporate purpose . . . depend not only on an analysis of the objective facts but as well in part on an appraisal of [fiduciaries’] motives, involving as it will issues of credibility.”

Source: CourtListener parenthetical corpus (CC0).