Krantz v. Fidelity Management & Research, Co.

How courts have described this case

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

• dismissing claim that overlapping service on 237 boards with compensation ranging between $220,500 and $273,500 rendered directors \interested\
• listing factors relevant to determining whether a director is controlled including “former business associations between the director and the controlling person”
• dismissing claim that overlapping service on 237 boards with compensation ranging between $220,500 and $273,500 rendered directors “interested”
• denying the defendant’s motion to dismiss where the plaintiff alleged that the Fund lacked independent watchdog trustees, performed poorly, and significantly increased its revenue without passing along the savings to investors
• rejecting argument that “soft dollar” arrangements show lack of disinterest given that such arrangements are permitted by securities law and plaintiff did not allege improprieties with respect to arrangements
• “At the pleading stage, a complaint must state more than a legal conclusion that a fee is excessive in order to survive a motion to dismiss.”

Source: CourtListener parenthetical corpus (CC0).