Seminaris v. Landa

How courts have described this case

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

• declining to find that the directors faced a substantial likelihood of liability where three directors signed an allegedly misleading registration statement
• “Plaintiff is merely uttering a slightly altered version of the discredited refrain—‘you can’t expect directors to sue themselves.’”
• “In order to hold the directors liable [in a Care-mark situation, a] plaintiff will have to demonstrate that they were grossly negligent in failing to supervise the[] subordinates.”

Source: CourtListener parenthetical corpus (CC0).