Shinn v. Thrust IV, Inc.

How courts have described this case

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

• holding the business judgment rule does not apply when corporate officer breached “specific contractual duties”
• noting that even though state securities laws should be harmonized with parallel federal laws when possible, significant differences exist between the purposes of federal and state securities laws
• an oral opinion is not itself the judgment, and cannot be used to impeach or contradict unambiguous written finding
• an oral opinion is not itself the judgment and cannot be used to impeach or contradict unambiguous written findings
• business judgment rule did not apply to protect general partner from liability where limited partners sued general partner for breach of fiduciary duty to partnership

Source: CourtListener parenthetical corpus (CC0).