Zimmerman v. Bogoff

How courts have described this case

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

• holding that shareholder breached duty of utmost good faith and loyalty when, inter alia, reneged on good faith agreement with corporation
• noting that party “did ‘control ... the purse strings of the enterprise’ ” (citation omitted)
• finding breach of fiduciary duty based on 50% shareholder's failure to pay debts owed to another business held by other 50% shareholder
• finding breach of fiduciary duty based on 50% shareholder’s failure to pay debts owed to another business held by other 50% shareholder
• determining a breach of fiduciary duty by a defendant shareholder for withholding corporate money that should have gone both to the plaintiff shareholder and the solely held corporation
• applying legitimate business purpose test to 50 percent shareholder in close corporation and stating that “(t]he protections of Donahue are not limited to those with less than 50% share ownership”

Source: CourtListener parenthetical corpus (CC0).