Petty v. Bank of New Mexico Holding Co.

How courts have described this case

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

• “The courts will protect minority stockholders against fraud or a breach of trust by officers or directors.... [Minority stockholders can obtain relief against acts of mismanagement [and] abuse of discretion ... through a derivative as distinguished from an individual action.”
• “Under our rules of ‘notice pleading,’ it is sufficient that defendants be given only a fair idea of the nature of the claim asserted against them sufficient to apprise them of the general basis of the claim; specific evidentiary detail is not required at this stage____”

Source: CourtListener parenthetical corpus (CC0).