Hollinger International, Inc. v. Black

How courts have described this case

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

• holding that if directors were “purposely duped,” then there “was fraud on the board” and the directors’ actions were subject to equitable challenge
• holding that director breached his duty of loyalty by disclosing confidential company information
• holding that director “violated his fiduciary duty of loyalty by, among other acts . . . misleading his fellow directors about his conduct and failing to disclose his dealings with the Barclays, under circumstances in which full disclosure was obviously expected”
• holding if directors were “purposely duped,” then there “was fraud on the board” and the directors’ actions were subject to equitable challenge
• approving board’s deployment of rights plan to prevent controlling stockholder from selling block of shares to third party
• weighing likelihood of success “even more heavily” where the “merits determination is, for all practical purposes, akin to a final ruling”

Source: CourtListener parenthetical corpus (CC0).