Perko v. United States

How courts have described this case

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

• relying on this reasoning in rejecting an attempt by a corporation’s shareholders to hold the corporation vicariously liable for its directors’ breach of fiduciary duty
• “There is not, and could not conceptually be any authority that a corporation as an entity has a fiduciary duty to its shareholders.”
• “There is not, and could not conceptually be any authority that a corporation as an entity has a fiduciary duty to its shareholders”
• “There is not, and could not conceptually be any authority that a corporation as an entity has a fiduciary duty to its shareholders.”
• two-tier, front-end loaded acquisition was not manipulative

Source: CourtListener parenthetical corpus (CC0).