Schreiber v. Bryan

How courts have described this case

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

• concluding that the “difficulty” in an opportunity was not dispositive of an entity’s willingness to pursue it
• “[W]hat must be decided is when the specific acts of alleged wrongdoing occur, and not when their effect is felt.”
• “The policy behind [Section 327] and [Rule 23.1] is to prevent so-called ‘strike suits’ whereby individuals purchase shares in a corporation with litigious motives.”
• “The 1972 amendments which plaintiff relies upon served only to reconfirm the earlier agreement . . . without creating a new agreement upon which a cause of action could be based.”
• corporate opportunity seized when the opportunity is one in which corporation has an interest or expectancy, the corporation is financially able to take advantage of the opportunity, and the individual acted in an official rather than individual capacity
• “A stockholder cannot complain of corporate action in which he has concurred.”

Source: CourtListener parenthetical corpus (CC0).