Jorgensen v. Water Works, Inc.

How courts have described this case

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

• payment to corporate insiders that is “not based on work performed for the corporation” may be deemed as a matter of law to be a dividend, regardless what the corporation calls the distribution
• \waste and mismanagement of corporate assets [are] injuries primarily to the corporation\
• purported demand letter was “not addressed to the corporation but to the individual majority shareholders[,]” and it “proposes a resolution of disputes between the [letter writers] on the one hand and the majority shareholders on the other.”
• self-dealing dividends and removing plaintiffs from the board of directors

Source: CourtListener parenthetical corpus (CC0).