Appellate Court of Illinois· 9/16/1994

Levy v. Markal Sales Corp.

Citations

643 N.E.2d 1206
268 Ill. App. 3d 355
205 Ill. Dec. 599

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).

Judges: Egan

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Cited by

39 cases in this archive cite this case; the 20 most cited are listed.

Cites

30 cases in this archive are cited by this case; the 20 most cited are listed.

Other cases named Levy v. Markal Sales Corp.

2 other CourtListener records share this case name.

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