Strassburger v. Earley

How courts have described this case

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

• holding that a lawsuit brought nine months after acquisition did not preserve a full rescission remedy, even if such remedy would be most equitable
• noting that “compensatory damages are determined at the time of the transaction”
• explaining that expectations are measured at the time of the transaction
• finding an absence of fair dealing because the negotiating and decision making processes lacked “any independent representation of the interests of [the corporation’s] minority public stockholders”
• awarding rescissory damages against disloyal fiduciaries when a complaint was not filed until nine months post-transaction, the plaintiff made “[n]o effort” to expedite the case, and the matter did not reach trial until “four years later”
• “The business judgment rule shields directors from liability for good faith business decisions, even those that turn out to be mistaken.”

Source: CourtListener parenthetical corpus (CC0).