Territory of the United States Virgin Islands v. Goldman, Sachs & Co.

How courts have described this case

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

• holding that plaintiff could not pursue claim against dissolved corporation’s stockholders or directors arising from their service because the corporation lacked the capacity to be sued
• finding that “[d]escriptive statements in disclosure statements do not amount to a promise” for purposes of promissory estoppel
• explaining that a statement disclaiming reliance cannot form the basis of a promise, which must be “definite and certain”
• using Delaware’s three-year statute of limitations for oral contracts to guide application of a laches defense
• explaining the fading of key witnesses’ memories and the death of other key witnesses preventing them from testifying was the “sort of evidentiary prejudice” which “clearly supports a finding of laches”
• “Officers and directors may be held individually liable for personal participation in tortious acts even though performed solely for the benefit of the corporation^]”

Source: CourtListener parenthetical corpus (CC0).