Ithilien Realty Corp. v. 176 Ludlow, LLC

How courts have described this case

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

• concluding that standing rests on whether plaintiff “seek[s] to bring a claim belonging to her personally or one belonging to the corporation itself”
• explaining that such disputes are “governed by the law of the state of incorporation exclusively”
• explaining that when a claim implicates the internal affairs of a corporation, then “under the Commerce Clause and the Full Faith and Credit Clause, Delaware law would apply to the merits” (footnotes omitted)
• noting that holder claims may not be brought as a class action
• describing the “numerous policy and proof problems” inherent in holder claims
• “Tooley and its progeny deal with the narrow issue of whether a claim for breach of fiduciary duty ... must -be asserted derivatively or directly.”

Source: CourtListener parenthetical corpus (CC0).