Midwest Management Corp. v. Stephens

How courts have described this case

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

• holding that the defendant liable for the shareholders’ loss where “[t]heir loss flows from their joining in the venture, and their joining in the venture flows from [the defendant’s] concealment”
• noting supreme court “will affirm a decree in equity if it can be sustained upon any pleaded basis which is supported by the record, regardless of the basis used by the trial court”
• noting supreme court “will affirm a decree in equity if it can be sustained upon any pleaded basis which is supported by the record, regardless of the basis used by the trial court”
• trial court may be affirmed on grounds on which it does not rely
• breach of fiduciary duty causing loss of investment

Source: CourtListener parenthetical corpus (CC0).