Tomaino v. Concord Oil of Newport, Inc.

How courts have described this case

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

• stating that although self-interested transactions are not voidable per se, they are vigorously scrutinized by the courts
• stating that to satisfy its burden, a fiduciary must show that the challenged transaction was both fair and authorized, approved, or ratified
• stating that fairness requires that no transaction or contract entered into by a fiduciary confer undue or unjust advantage on the fiduciary
• stating that self-dealing occurs when a fiduciary enters into a transaction with an entity that he or she also serves as a fiduciary

Source: CourtListener parenthetical corpus (CC0).