Leff v. Cip Corp.

How courts have described this case

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

• holding that there is no private right of action for any person under § 13(d)
• “control need not be based ... on active participation in the alleged wrongful act”
• when it is evident from the complaint that the directors of the corporation would oppose the derivative suit, formal demand on the directors is considered futile and unnecessary
• Sections 13(d) and 14(a) of the Securities Exchange Act

Source: CourtListener parenthetical corpus (CC0).