Leader v. Hycor, Inc.

How courts have described this case

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

• case remanded for judge to explicate grounds for conclusion that stock price offered to minority shareholders by defendants was fair and reasonable
• use of reverse stock split to eliminate public minority ownership and take corporation private permitted
• judicial review may be had of claims of breach of fiduciary duty and unfairness
• “minority shareholders are bound by majority rule to accept cash or debt in exchange for their common shares, even though the price they receive may be less than the value they assign to these shares. But this alone does not render freezeouts objectionable.” (citations omitted

Source: CourtListener parenthetical corpus (CC0).