Matthews v. Tele-Systems, Inc.

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 breach-of-fiduciary duty claim, which essentially alleged that excessive salaries depleted or wasted corporate assets, could only be brought in a derivative action
• holding that a breach-of-fiduciary duty claim, which essentially alleged that excessive salaries depleted or wasted corporate assets, could only be brought in a derivative action
• holding that a breach-of-fiduciary duty claim, which essentially alleged that excessive salaries depleted or wasted corporate assets, could only be brought in a derivative action
• affirming summary judgment against director who was allegedly deceived into resigning because he could show no damages when other board members who engaged in the deception could have voted to oust him
• depletion of corporate assets through excessive salaries relates to value of shares to be determined in appraisal action
• “[Tjhere is no order from which to appeal. Thus, there is nothing for us to review.”

Source: CourtListener parenthetical corpus (CC0).