Poliquin v. Sapp

How courts have described this case

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

• holding that individual shareholders, having failed to bring an action within the time permitted by the corporate survival statute, could not bring an individual action for injury inflicted upon the dissolved corporation
• noting that a corporation’s dissolution does not create individual rights of action in shareholders where the claims asserted are derivative
• noting that a corporation's dissolution does not create individual rights of action in shareholders where the claims asserted are derivative
• finding that because a breach of fiduciary duty by directors alleged injury to the corporation, shareholders did not have a right to recover damages in their own-names
• noting that corporation directors have duty “to manage the corporate business solely in the interest of the corporation” and “any breach [of that duty] would result in injury to the corporation and the shareholders as a whole”
• because a breach of fiduciary duty by directors alleged injury to the corporation, shareholders did not have a right to recover damages in their own names

Source: CourtListener parenthetical corpus (CC0).

Cited by

41 cases in this archive cite this case; the 20 most cited are listed.

• Philip Joseph Twohy, Jr. v. The First National Bank of Chicago
  First Circuit· 1985-03-29· cited 175×
• Small v. Sussman
  Appellate Court of Illinois· 1999-06-30· cited 68×
• Club Assistance Program, Inc. v. Zukerman
  N.D. Illinois· 1984-09-10· cited 59×
• Alex Kush v. American States Insurance Co.
  Seventh Circuit· 1988-07-22· cited 57×
• Kleinwort Benson North America, Inc. v. Quantum Financial Services, Inc.
  Illinois Supreme Court· 1998-02-20· cited 57×
• Hamilton v. Conley
  Appellate Court of Illinois· 2005-04-06· cited 49×
• Van Pelt v. Greathouse
  Nebraska Supreme Court· 1985-03-08· cited 44×
• Marvin Kagan v. Edison Brothers Stores, Inc. And Edison Brothers Apparel Stores, Inc.
  Seventh Circuit· 1990-07-18· cited 38×
• Canadian Ace Brewing Co. v. Joseph Schlitz Brewing Co.
  Seventh Circuit· 1980-05-21· cited 38×
• Shute v. Chambers
  Appellate Court of Illinois· 1986-04-11· cited 37×
• Sarno v. Thermen
  Appellate Court of Illinois· 1992-11-17· cited 28×
• Grunloh v. Effingham Equity, Inc.
  Appellate Court of Illinois· 1988-09-13· cited 28×
• John Hunter and Laura Snodsmith v. Old Ben Coal Company
  Seventh Circuit· 1988-04-06· cited 26×
• Arent v. Distribution Sciences, Inc.
  Eighth Circuit· 1992-09-24· cited 25×
• Carmichael v. Halstead Nursing Center, Ltd.
  Supreme Court of Kansas· 1985-06-21· cited 24×
• Riley v. Fitzgerald
  California Court of Appeal· 1986-03-13· cited 21×
• ITT Diversified Credit Corp. v. Kimmel
  N.D. Illinois· 1981-01-12· cited 19×
• IOS Capital, Inc. v. Phoenix Printing, Inc.
  Appellate Court of Illinois· 2004-04-22· cited 18×
• Hengel, Inc. v. Hot 'N Now, Inc.
  N.D. Illinois· 1993-06-17· cited 16×
• Bio-Scientific Clinical Laboratory, Inc. v. Todd
  Appellate Court of Illinois· 1986-11-12· cited 14×

Cites

9 cases in this archive are cited by this case.

• Zokoych v. Spalding
  Appellate Court of Illinois· 1976-02-19· cited 82×
• Shlensky v. South Parkway Building Corp.
  Illinois Supreme Court· 1960-03-31· cited 75×
• Winger v. Chicago City Bank & Trust Co.
  Illinois Supreme Court· 1946-05-21· cited 73×
• Brodsky v. Frank
  Illinois Supreme Court· 1930-12-18· cited 35×
• Richardson v. Eichhorn
  Appellate Court of Illinois· 1958-08-13· cited 21×
• The People v. Parker
  Illinois Supreme Court· 1964-03-18· cited 20×
• Koepke v. First Nat. Bank of De Kalb
  Appellate Court of Illinois· 1972-06-21· cited 20×
• Consolidated Coal Co. of St. Louis v. Flynn Coal Co.
  Appellate Court of Illinois· 1934-03-14· cited 17×
• Canadian Ace Brewing Co. v. Anheuser-Busch, Inc.
  N.D. Illinois· 1978-04-10· cited 16×