In Re infoUSA, Inc. Shareholders Litigation

How courts have described this case

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

• holding that directors “violate the fiduciary duties that protect shareholders” “where it can be shown that the directors involved issued their communication with the knowledge that it was deceptive or incomplete.” (emphasis added)
• finding that directors violate their fiduciary duties \where it can be shown that the directors involved issued their communication with the knowledge that it was deceptive or incomplete\
• concluding violation of fiduciary duty where company failed to disclose that a majority shareholder stood to benefit from stock issuance
• noting that, in a case where there are an even number of directors, plaintiff must show that half of the board was incapable of considering demand
• explaining that directors violate their fiduciary duties “where it can be shown that the directors involved issued their communication with the knowledge that it was deceptive or incomplete”
• explaining that directors violate their fiduciary duties “where it can be shown that the directors involved issued their communication with the knowledge that it was deceptive or incomplete”

Source: CourtListener parenthetical corpus (CC0).