Kaufman v. Belmont

How courts have described this case

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

• court will not assume that a director designated by dominant stockholder will fail to perform his fiduciary duties
• court will not assume that a director designated by dominant stockholder will fail to perform his fiduciary duties
• “[M]ere approval of a corporate action . . . will not disqualify the director from subsequently considering a pre-suit demand to rectify the challenged transaction.”
• “A mere allegation of acquiescence without more is insufficient to show breach of fiduciary duty or lack of independence or disinterestedness.”
• \[M]ere approval of a corporate action . . . will not disqualify the director from subsequently considering a pre- suit demand to rectify the challenged transaction.\ (internal citations omitted)

Source: CourtListener parenthetical corpus (CC0).