Legal Opinion
Crain v. Electronic Memories and Magnetics Corp.
California Court of Appeal
Decided August 6, 1975No. Civ. 13966PublishedCited by 25 opinions
1Opinion of the Court
Opinion
KERRIGAN, J.
Plaintiffs (a class of founding shareholders represented by William W. Crain) appeal from a judgment on the pleadings entered in favor of defendants. The judgment—which resulted in the dismissal of plaintiffs’ complaint with prejudice—was based upon the trial court’s determination that it did not set forth personal causes of action which could be prosecuted by plaintiffs in their individual capacities, but rather advanced derivative causes which could be brought only on behalf of the corporation in which plaintiffs are shareholders.
Facts
Preliminary to our discussion of this…
2Cases cited13 opinions
- Jones v. H. F. Ahmanson & Co.California Supreme Court · 1969
- Seeger v. OdellCalifornia Supreme Court · 1941
- Flores v. ArroyoCalifornia Supreme Court · 1961
- Kachig v. BootheCalifornia Court of Appeal · 1971
- Venuto v. Owens-Corning Fiberglas Corp.California Court of Appeal · 1971
8 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- 98 Cal. Daily Op. Serv. 1912, 98 Daily Journal D.A.R. 2691 Stanley Pareto Elbert Bressie Benjamin P. Liu Vilja Annamaria Fritzl John McCullough Edith Fritzl Heidi W. Moore Gottfried Noel Fritzl Wanda Hagan Theodore Hiatt Shih Chi Chow Shirley C. Chow Marilou Atencio Anton Atencio Gregory D. Shields Eleanor M. Shields Estelle Eichenberger Jack Lutzow Moses Noble, Jr. Ernst Meyer Phillip Yee Theodore J. Saenger Gayle I. Saenger Jack Block Tae Ryong Kim Chin Soon Kim Frank J. Schlessinger Raymond Vernazza Marion Gizzi Chester R. Williams Angelo Ferro Linda S. Williams Roger R. Franklin John P. Hurabieli Laverne Pareto John Pareto Muriel P. Burd Chae Woo Lee Hai Ja Lew Antonio Panebianco Cho Young Kugis Gebhardt Kugis Phyllis G. Zerwick John Hartung Arthur Holsten Eleanor Holsten Paul E. Kadden Shirley J. Kadden Thomas Kavanagh Cunningham Arizona, a Partnership v. Federal Deposit Insurance Corporation, as Receiver of Barbary Coast National Bank, Robert Wheeler Dickerson Kearny Paul Oliver Robert ImhoffCourt of Appeals for the Ninth Circuit · 1998
- Yanow v. Teal Industries, Inc.Supreme Court of Connecticut · 1979
- Fed. Sec. L. Rep. P 99,010 Fred H. Harmsen v. C. Arnholt SmithCourt of Appeals for the Ninth Circuit · 1982
- Smiley v. CitibankCalifornia Supreme Court · 1995
- Paclink Communications International, Inc. v. Superior CourtCalifornia Court of Appeal · 2001
20 more not listed; retrieve them via the Exa API.