Summa Corp. v. Trans World Airlines, Inc.

How courts have described this case

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

• recognizing that a court of equity has broad discretion when fixing the prejudgment interest rate differently than the statutorily provided legal rate
• granting prejudgment interest where the delay was not solely attributable to the plaintiff, as both parties contributed to the ten-year delay in litigation
• referring to the controlling stockholder’s “general fiduciary duties of loyalty and care”
• “A successful plaintiff is entitled to interest on money damages as a matter of right from the date liability accrues.”
• “A successful plaintiff is entitled to interest on money damages as a matter of right from the date liability accrues.”
• entire fairness standard applied when controlled corporation purchased aircraft or leased planes from its controlling stockholder

Source: CourtListener parenthetical corpus (CC0).