Wolfensohn v. Madison Fund, Inc.

How courts have described this case

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

• holding that former preferred stockholders who received debentures and a share of common stock were not owed fiduciary duties in their capacity as debenture holders and had only their contractual rights as creditors
• holding that former preferred stockholders who received debentures and a share of common stock were not owed fiduciary duties in their capacity as debenture holders and had only their contractual rights as creditors
• “The question of whether or not the holder of a particular instrument is a stockholder or a creditor depends upon the terms of his contract.”

Source: CourtListener parenthetical corpus (CC0).