Nixon v. Blackwell

How courts have described this case

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

• finding that only the fairness of the process was important where the adoption of an ESOP was challenged by non-employee shareholders as providing increased liquidity solely for the ESOP holders
• explaining that there are no “special rules” or protections for minority stockholders of closely held corporations that are not statutory close corporations
• explaining that there are no “special rules” or protections for minority stockholders of closely held corporations that are not statutory close corporations
• explaining that the “doctrine of entire fairness does not lend itself to bright line precision or rigid doctrine”
• finding that majority shareholders owe no special fiduciary duties to minority shareholders
• applying entire fairness where the controlling stockholders used various transactions to generate benefits for themselves that were “beyond that which benefited other stockholders generally”

Source: CourtListener parenthetical corpus (CC0).