Levy v. Markal Sales 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 the limited owner who prevailed on derivative claims was only entitled to his pro rata share of the damages
• “It is well-settled that a fiduciary’s use of corporate assets to further his own goals is a violation of his fiduciary duties.”
• “It is well-settled that a fiduciary’s use of corporate assets to further his own goals is a violation of his fiduciary duties.”
• three shareholders who owned 40%, 40%, and 20% of the corporation owed fiduciary duties and had mutual obligations that were similar to those of partners
• the defendants had the burden of introducing evidence of their financial position, citing Deal

Source: CourtListener parenthetical corpus (CC0).