MacLary v. Pleasant Hills

How courts have described this case

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

• distinguishing Elster as a case involving stock options where the transaction was complete on the issuance of the option and not continuing until the issuance of stock pursuant to the options
• “[Section 327] was not passed to prevent the correction of corporate wrongdoing. It was designed principally to prevent the purchasing of stock to be used for the purpose of filing a derivative action attacking transactions occurring prior to such purchase.”

Source: CourtListener parenthetical corpus (CC0).