Michigan National Bank v. Mudgett

How courts have described this case

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

• “[W]here the alleged injury to the individual results only from the injury to the corporation, the injury is merely derivative and the individual does not have a right of action against the third party.”
• a suit is not derivative in nature when plaintiffs have demonstrated that they sustained a loss separate and distinct from that of other shareholders generally, or have they shown a violation of a duty owed directly to them and not to the corporation generally

Source: CourtListener parenthetical corpus (CC0).