Masinter v. Webco Co.

How courts have described this case

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

• concluding that “[mjere procedural irregularity in the holding of corporate meetings * * * is not alone sufficient to constitute a cause of action under a 'freeze-out’ theory”
• stating that shareholder who acquiesced in corporate informality by participating in it without dissent will not thereafter be permitted to challenge it
• noting that officers and directors are accorded broad latitude in conducting corporate affairs, but applying such latitude in a suit against actions taken both as officer and director
• despite minority-majority fiduciary duty, corporate officers and directors have broad latitude in corporate affairs
• “[a] claim of a freeze-out rests on the wrongful denial by the majority shareholders of the legitimate claims or expectations of a minority shareholder”
• “we have viewed summary judgment with suspicion and have evolved the rule that, on appeal, the facts must be construed in a light most favorable to the losing party”

Source: CourtListener parenthetical corpus (CC0).