Werbowsky v. Collomb

How courts have described this case

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

• noting that, in Maryland, the shareholder derivative action \retains its common law status\ even though \in much of the country [ ] it is governed by statutes\
• noting that, in Maryland, the shareholder derivative action \retains its common law status” even though \in much of the country [ ] it is governed by statutes”
• rejecting the plaintiffs' argument that \the directors ... received substantial compensation as board members and ... had an incentive to appease [the majority shareholder and beneficiary of the challenged transaction] in order to maintain their position on the board\
• a derivative plaintiff must \clearly demonstrate\ that \a majority of directors are so personally and directly conflicted or committed to the decision in dispute ....\
• second prong of futility exemption

Source: CourtListener parenthetical corpus (CC0).