Legal Opinion

Brown v. Halbert

California Court of Appeal

Decided March 28, 1969No. Civ. 25528PublishedCited by 17 opinions

1Opinion of the Court

BROWN (H. C.), J.

This action was instituted by four minority stockholders in the Tulare Savings & Loan Association (hereafter Association), individually and on behalf of all other minority stockholders similarly situated. The purpose of the first cause of action was to impose a trust on a portion of the funds the defendants1 realized as a result of a sale of their majority stock interest allegedly in violation of their fiduciary obligations to the minority stockholders. The second cause of action was for damages for breach of the fiduciary obligation of defendants in the sale which rendered…

2Cases cited25 opinions

  1. Pepper v. LittonSupreme Court of the United States · 1939
  2. Meinhard v. SalmonNew York Court of Appeals · 1928
  3. Southern Pacific Co. v. BogertSupreme Court of the United States · 1919
  4. Hobart v. Hobart Estate Co.California Supreme Court · 1945
  5. Jane Perlman v. C. Russell Feldmann, Newport Steel CorporationCourt of Appeals for the Second Circuit · 1955

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3Cited by17 opinions

  1. Jones v. H. F. Ahmanson & Co.California Supreme Court · 1969
  2. Treadway Companies, Inc. v. Care Corp.Court of Appeals for the Second Circuit · 1980
  3. Brown v. Allied Corrugated Box Co.California Court of Appeal · 1979
  4. Crain v. Electronic Memories and Magnetics Corp.California Court of Appeal · 1975
  5. Rankin v. Frebank Co.California Court of Appeal · 1975

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