Kohls v. Duthie

How courts have described this case

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

• finding that stockholders stated a corporate opportunity claim where corporation had an expectancy in repurchasing a block of its stock for a nominal price even though the opportunity was not in the corporation’s line of business
• explaining that under Rales “when there is no challenge to a business judgment, as is the case here, the question becomes whether the director faces a substantial threat of personal liability due to his alleged conduct or lack thereof.”
• “A surplus exists (meaning that the capital is not impaired) when the net assets of a corporation exceed its total liabilities”
• \A surplus exists (meaning that the capital is not impaired) when the net assets of a corporation exceed its total liabilities\

Source: CourtListener parenthetical corpus (CC0).

Cited by

14 cases in this archive cite this case.

• Guttman v. Huang
  Court of Chancery of Delaware· 2003-05-05· cited 257×
• Carsanaro v. Bloodhound Technologies, Inc.
  Court of Chancery of Delaware· 2013-03-15· cited 91×
• Shoen v. SAC Holding Corp.
  Nevada Supreme Court· 2006-07-13· cited 60×
• Kohls v. Kenetech Corp.
  Court of Chancery of Delaware· 2000-07-26· cited 29×
• Connolly v. Gasmire
  Tex. App. Ct., 5th Dist. (Dallas)· 2008-07-02· cited 12×
• Landy v. D'ALESSANDRO
  D. Massachusetts· 2004-03-30· cited 5×
• Truserv Corp. v. Bess Hardware and Sports, Inc.
  Appellate Court of Illinois· 2004-01-21· cited 4×
• In Re Brick
  Tex. App. Ct., 5th Dist. (Dallas)· 2011-11-07· cited 4×
• In Re First Bancorp Derivative Litigation
  D. Puerto Rico· 2006-11-30· cited 2×
• Lynch v. COINMASTER USA, INC.
  D. Delaware· 2009-03-30
• TruServ Corp. v. Bess Hardware & Sports, Inc.
  Appellate Court of Illinois· 2004-01-21
• Robert Lenois v. Kase Lukman Lawal
  Court of Chancery of Delaware· 2017-11-07
• R.A. Feuer v. Sumner M. Redstone
  Court of Chancery of Delaware· 2018-04-19
• Chaile Steinberg v. Robert G. Bearden
  Court of Chancery of Delaware· 2018-05-30

Cites

11 cases in this archive are cited by this case.

• Aronson v. Lewis
  Supreme Court of Delaware· 1984-03-01· cited 1,206×
• Brehm v. Eisner
  Supreme Court of Delaware· 2000-02-09· cited 877×
• Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.
  Supreme Court of Delaware· 1993-12-23· cited 768×
• Guth v. Loft, Inc.
  Supreme Court of Delaware· 1939-04-11· cited 466×
• Levine v. Smith
  Supreme Court of Delaware· 1991-05-01· cited 325×
• In Re Santa Fe Pacific Corp. Shareholder Litigation
  Supreme Court of Delaware· 1995-11-22· cited 306×
• Broz v. Cellular Information Systems, Inc.
  Supreme Court of Delaware· 1996-03-22· cited 76×
• Beneville v. York
  Court of Chancery of Delaware· 2000-07-10· cited 41×
• Equity Corporation v. Milton
  Supreme Court of Delaware· 1966-06-16· cited 39×
• Kohls v. Kenetech Corp.
  Court of Chancery of Delaware· 2000-07-26· cited 29×
• Klang v. Smith's Food & Drug Centers, Inc.
  Supreme Court of Delaware· 1997-12-01· cited 28×