Landstrom v. Shaver

How courts have described this case

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

• holding that a minority shareholder in a close corporation may have different interests than a majority shareholder
• holding ‘reasonable expectations’ of minority shareholders to be judged in light of capital committed to the particular enterprise
• minority’s reasonable expectations must be balanced against corporation’s need to exercise business judgment and run business efficiently
• “oppressive actions to refer to conduct that substantially defeats the ‘reasonable expectations’ held by minority shareholders in committing their capital to the particular enterprise”
• where a shareholder “would be oppressed in a very real sense when others in the corporation seek to defeat those expectations and there exists no effective means of salvaging the investment.”
• “{T]o establish a ‘valid business relationship or expectancy,’ there ha{s] to be a showing ofa... business relationship between the plaintiff and an identifiable third 14 party.”

Source: CourtListener parenthetical corpus (CC0).