Prudential-Bache Securities, Inc. v. Franz Manufacturing Co.

How courts have described this case

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

• creditor lacks standing to assert corporate claim against director for breach of duty
• “[W]hile [...] shareholders or the corporation itself may have a right of action against [the director] for breach of his fiduciary duties, [plaintiff], as a mere creditor, is without standing to assert such a claim”
• ―[W]hile […] shareholders or the corporation itself may have a right of action against [the director] for breach of his fiduciary duties, [plaintiff], as a mere creditor, is without standing to assert such a claim‖

Source: CourtListener parenthetical corpus (CC0).