Perl v. IU International Corp.

How courts have described this case

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

• notwithstanding that parent formed subsidiary for sole purpose of merger with target, the Hawaii Supreme Court held that parent not a party, so no de facto merger was found with respect to parent
• finding that a merger effected for the sole purpose of freezing out minority interest is a violation of fiduciary principles, where minority shareholder brought suit against company owning fifty-four percent of the subject company’s stock
• “[e]ven in states which by the terms of their statutes or by judicial interpretation have found appraisal an exclusive remedy, fraud is almost universally held to be an independent ground for the exercise of equitable jurisdiction”

Source: CourtListener parenthetical corpus (CC0).