Woodcock v. American Investment Co.

How courts have described this case

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

• rejecting plaintiff’s attempt to characterize a shareholder derivative action as a breach of contract.
• defining tort of \conversion\ as \[t]he wrongful possession or disposition of another's property as if it were one's own\
• no tolling of statute of limitations where there were \no allegations of positive acts of concealment or of the existence of inherently unknowable causes of action\
• no tolling of statute of limitations where there were “no allegations of positive acts of concealment or of the existence of inherently unknowable causes of action”
• shareholder derivative suit for the conversion of corporate funds was held to be governed by the three-year tort statute of limitations
• Shareholder’s derivative suit for conversion of corporate funds in publicly held corporation

Source: CourtListener parenthetical corpus (CC0).