Schoon v. Troy Corp.

How courts have described this case

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

• holding that corporation’s relationship with director meant that corporation was not a volunteer even though it had no legal obligation to pay
• holding that when an indemnification provision that is applicable to former directors is clearly separated from an advancement provision, it does not follow that former directors are entitled to advancement
• finding that director was defending against threatened breach of fiduciary duty claims during books-and-records action where company sought to develop factual basis for the fiduciary duty claims
• rejecting demand for payment of the full amount of fees and expenses incurred pursuant to bylaw provision granting indemnification “if successful in whole or in part” and citing Levy
• bylaws which authorized indemnification for “a director or officer” did not apply to former director

Source: CourtListener parenthetical corpus (CC0).