Krim v. ProNet, Inc.

How courts have described this case

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

• involving breach of corporate directors’ duty to disclose certain information when seeking stockholder action
• “[T]hat several directors would retain board membership in the merged entity does not, standing alone, create a conflict of interest.”
• “[T]he fact that several directors would retain board membership in the merged entity does not, standing alone, create a conflict of interest.”
• “[T]he fact that several directors would retain board membership in the merged entity does not, standing alone, create a conflict of interest.”
• “The vesting of options does not create a conflict as a high exchange ratio for ProNet shares benefits the option-holding directors as much as, if not more than, the regular stockholders.”
• “The vesting of options does not create a conflict as a high exchange ratio for ProNet shares benefits the option-holding directors as much as, if not more than, the regular stockholders.”

Source: CourtListener parenthetical corpus (CC0).