Schreiber v. Carney

How courts have described this case

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

• “Delaware law has for quite some time permitted stockholders wide latitude in decisions affecting the restriction or transfer of voting rights.”
• “To deny standing, therefore, would not serve to advance the stated purpose of [S]ection 327 and would open the door to great abuses.”
• “Because vote-buying is so easily susceptible of abuse it must be viewed as a voidable transaction subject to a test for intrinsic fairness.”
• “The structure of the old and new companies is virtually identical except for a slight dilution in the overall stock holdings occasioned by Jet Capital’s exercise of its warrants.”
• “[A] merger which eliminates a complaining stockholder’s ownership of stock in a corporation also ordinarily eliminates his status to bring or maintain a derivative suit on behalf of the corporation, whether the merger takes place before or after the suit is brought[.]”
• rejecting notion of stockholder duty inter se

Source: CourtListener parenthetical corpus (CC0).