Kahn v. Lynch Communication Systems, Inc.

How courts have described this case

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

• holding that 43% stockholder that exercised actual control over subsidiary could be liable for breach of fiduciary duty
• holding that a minority stockholder must “exercise[] control over the business affairs of the corporation” (emphasis in original) (citation omitted)
• holding that a minority stockholder is not a controller unless it exercises actual control over corporate decision-making
• holding that 43% stockholder that exercised actual control over subsidiary could be liable for breach of fiduciary duty
• recognizing that the appointment of a special committee by a controlling stockholder does not necessarily shift the burden of proving entire fairness from the controlling shareholder
• recognizing that the appointment of a special committee by a controlling stockholder does not necessarily shift the burden of proving entire fairness from the controlling shareholder

Source: CourtListener parenthetical corpus (CC0).