Small v. Sussman

How courts have described this case

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

• explaining that diversion or mismanagement of corporate assets represents a direct wrong to the corporation and “would affect all shareholders only indirectly”
• noting that it is a “legal impossibility” for a corporation to participate in a breach of fiduciary duty because “[c]orporations can only act through their agents”
• defendant officer/director’s diversion of profits from corporation to other entities which he owned was classic injury to corporation
• conclusory allegations cannot substitute for well-pleaded facts
• conclusory allegations cannot substitute for well-pleaded facts
• “Corporations can act only through their agents.”

Source: CourtListener parenthetical corpus (CC0).