Grooms v. Indiana

How courts have described this case

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

• holding that shareholders’ action against, among others, the corporation and insurance companies should have been brought as a derivative action where plaintiffs alleged injury to the corporation and not the shareholders directly
• “only the corporation may bring a RICO action to redress injury suffered by the corporation”
• “ ‘It is only where the injury sustained to one’s stock is peculiar to him alone, and does not fall alike upon other stockholders, that one can recover as an individual.’ ”
• company ceased operation following financial losses

Source: CourtListener parenthetical corpus (CC0).