Reis v. Hazelett Strip-Casting Corp.

How courts have described this case

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

• “Depending on the facts and the nature of the loyalty breach, the answer can be a ‘fairer’ price.”
• finding lack of fair dealing where majority shareholder effected reverse stock split without procedural protections and without engaging in good faith negotiations with minority shareholders
• “Until the warrant or option is exercised, the underlying shares are not issued, and the warrant or option holder’s rights are entirely contractual.”
• “There was no dealing in this case that could be called ‘fair.’ Procedural protections were not implemented, and no one bargained for the minority.”
• “A reviewing court's role is to ensure that the corporation complied with the statute and acted in accordance with its fiduciary duties.”
• “Fiduciaries need not consciously pursue self-interest.”

Source: CourtListener parenthetical corpus (CC0).