Howard Beach, Inc. v. Jackson

How courts have described this case

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

• directors were personally liable when they failed to obtain full value at an auction of corporate assets
• [T]he defendants [bear] the burden of going forward to show that their action ... resulted in obtaining full value under the circumstances in which they found themselves.
• “If the corporation was insolvent at that time it is clear that defendants, as officers and directors thereof, were to be considered as though trustees of the property for the corporate creditor-beneficiaries.”

Source: CourtListener parenthetical corpus (CC0).