Teamsters Union 25 Health Services & Insurance Plan v. Gavin Baiera

How courts have described this case

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

• holding that stockholder plaintiff had no standing to prosecute a violation of the NYSE Rules
• concluding the challenges to an allegedly unfair services agreement that a company entered into with affiliates of its controlling stockholder constituted derivative claims
• providing that whether a person constitutes a controlling stockholder does not “change[] the director-based focus of the demand futility inquiry”
• noting that “neither the presence of a controlling stockholder nor allegations of self-dealing by a controlling stockholder changes the director-based focus of the demand futility inquiry”
• noting that “neither the presence of a controlling stockholder nor allegations of self-dealing by a controlling stockholder changes the director-based focus of the demand futility inquiry”
• explaining that it was unreasonable to question the independence of a directors based on an employment relationship that ended three years before the action was filed

Source: CourtListener parenthetical corpus (CC0).