Wellworth Restaurant, Inc. v. O'Connell

How courts have described this case

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

• stating that under New York law, shareholder has no individual claim for wrong to corporation
• holding individual standing not available where, inter alia, “there is no claim that plaintiff sustained a loss disproportionate to that sustained by” the corporation
• observing that “[f]or a wrong against a corporation a shareholder has no individual cause of action ... ”
• holding individual standing not available where, inter alia, “there is no claim that plaintiff sustained a loss disproportionate to that sustained by” the corporation
• stating that under New York law, shareholder has no individual claim for wrong to corporation
• finding, where an “individual claim is ‘confused’ or ‘embedded’ within [a] derivative claim, then it must be dismissed”

Source: CourtListener parenthetical corpus (CC0).