Civil Procedure Case Summaries

P0778 The gravamen of an action against corporate officers and directors for alleged breach of fiduciary duty that caused a decline in the value of stock is damage to the corporation, so shareholders lack standing to sue in their capacity as individuals.

SCHUSTER v GARDNER (Corporate Mismanagement) 127 CA4 305 [See: Avikian v WTC 98 CA4 1108, P/AT 7/02]

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Always check current status of cases before citing them.

2005 Civil Procedure Case Summaries

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