Schuster v. Gardner

How courts have described this case

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

• harm caused to corporation when defendants, inter alia, caused it to issue newly authorized shares “in payment for an ill-conceived acquisition spree,” and harm to shareholders, dilution in stock value, was incidental thereto [internal quotation marks omitted]
• “[A] shareholder cannot bring a direct action for damages against management on the theory their alleged wrongdoing decreased the value of his or her stock (e.g., by reducing corporate assets and net worth).” (emphasis in original)
• “a shareholder cannot bring a direct action for 17 damages against management on the theory their alleged wrongdoing decreased the value of his or 18 her stock (e.g., by reducing corporate assets and net worth)”
• “a shareholder cannot bring a 19 direct action for damages against management on the theory their alleged wrongdoing decreased 20 the value of his or her stock (e.g., by reducing corporate assets and net worth)”
• “an action is derivative if the gravamen of the 22 complaint is injury to the corporation, or to the whole body of its stock or property 23 without any severance of distribution among individual holders”

Source: CourtListener parenthetical corpus (CC0).