Levy v. Reiner

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 plaintiff could not maintain a direct action on a breach-of-fiduciary-duty claim against corporate directors and officers based on allegations that they paid themselves excessive salaries
• holding that plaintiff could not maintain a direct action on a breach-of-fiduciary-duty claim against corporate directors and officers based on allegations that they paid themselves excessive salaries
• holding that a plaintiff could not maintain a direct action on a breach-of- fiduciary-duty claim against corporate directors and officers based on allegations that they paid themselves excessive salaries
• “the depletion of corporate assets through excessive salaries would relate to the value or price [the plaintiff] is to receive for his shares [and a dissenter’s rights action is the] exclusive remedy for matters affecting the price of [the plaintiff’s stock]”

Source: CourtListener parenthetical corpus (CC0).