Yiannatsis v. Stephanis Ex Rel. Sterianou

How courts have described this case

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

• noting that a court can assess various measures of financial ability
• declining to adopt “insolvency-in-fact” test where “the question of what test should be used to determine financial inability is not presently before the Court”
• placing the burden of establishing ratification under Delaware law on the party asserting it
• “[T]he appointment of a custodian is discretionary under [8 Del. C.] § 226(a)(1).”
• \The burden rests on the party claiming the ratification to establish that the stockholder approval resulted from a fully informed electorate.\ (quoting E. Folk, R. Ward & E. Welch, Folk on the Delaware General Corporate Law § 144.5.2.3 (1992) )
• “The burden rests on the party claiming the ratification to establish that the stockholder approval resulted from a fully informed electorate.” (quoting E. Folk, R. Ward & E. Welch, Folk on the Delaware General Corporate Law § 144.5.2.3 (1992))

Source: CourtListener parenthetical corpus (CC0).