Legal Opinion
Ault v. Soutter
Appellate Division of the Supreme Court of the State of New York
Decided May 16, 1991PublishedCited by 5 opinions
1Opinion of the Court
OPINION OF THE COURT
Milonas, J. P.
This action concerns various transactions that were carried out by defendant John D. Soutter in connection with his position as one of the directors and chief executive officers of defendant Inverness Management Corporation, a Delaware company whose only office was in New York. It is undisputed that the instant matter is subject to Delaware law.
Inverness was in the business of providing certain financial and travel services for its clients but suffered considerable losses over the years. Therefore, some of its clients became shareholders in exchange for…
2Cases cited8 opinions
- Guth v. Loft, Inc.Supreme Court of Delaware · 1939
- Lewis v. AndersonSupreme Court of Delaware · 1984
- Rabkin v. Philip A. Hunt Chemical Corp.Supreme Court of Delaware · 1985
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1988
- Equity Corporation v. MiltonSupreme Court of Delaware · 1966
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3Cited by5 opinions
- Official Committee of Unsecured Creditors of Toy King Distributors, Inc. v. Liberty Savings Bank, FSB (In Re Toy King Distributors, Inc.)United States Bankruptcy Court, M.D. Florida · 2000
- Trieweiler Ex Rel. Varsity Investments, Inc. v. SearsNebraska Supreme Court · 2004
- Ault v. SoutterAppellate Division of the Supreme Court of the State of New York · 1994
- Kimeldorf v. First Union Real Estate Equity & Mortgage InvestmentsAppellate Division of the Supreme Court of the State of New York · 2003
- Modern Telecommunications, Inc. v. DalessandroAppellate Division of the Supreme Court of the State of New York · 1992