Lochhead v. Alacano

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 “shareholder has a direct right to attack a corporate transaction which dilutes [a shareholder’s] proportionate ownership,” such as a merger of a corporation into another corporation
• minority shareholder had standing to bring a direct suit when corporate directors, officers and majority shareholders approved a stock option plan that disproportionately benefited them
• “[T]he policy of requiring notice to adverse parties is fundamental” in considering a motion to dismiss.
• \[B]ehavior may imply an agreement to conspire where no formal agreement has been shown.\
• \[BJehavior may imply an agreement to conspire where no formal agreement has been shown.\
• “[plaintiff] need only plead factu­al circumstances implying fraudulent in­tent”

Source: CourtListener parenthetical corpus (CC0).