SmartBrief enables case brief popups that define Key Terms, Doctrines, Acts, Statutes, Amendments and Treatises used in this case.

SmartBrief

A.I Enhanced Margin Brief to quickly recall case brief 0

Confirm favorite deletion?

Cancel Yes, Delete

Corporations Keyed to O’Kelley

View this case in different Casebooks

In re Investors Bancorp, Inc. Stockholder Litigation

Citation:

177 A.3d 1208 (2017)

Facts

Plaintiffs are stockholders of Investor Bancorp. Inc. and were stockholders at the time of the awards challenged in this case. The board sets director compensation based on recommendations of the Compensation and Benefits Committee, composed of seven of the ten non-employee directors. In 2014, the non-employee directors were compensated by a monthly cash retainer, cash awards for attending board and board committee meetings and personal benefits. In 2014, Cummings, the company’s president and CEO, received a $1,000,000 base salary; an annual cash incentive award of up to 150% of his base salary; and benefits valued at $278,400. At the end of 2014, the Committee met to review 2014 director compensation and set compensation for 2015. The committee presented compensation package to the executive. The board awarded themselves 7.8 million shares. Non-employee directors each received 250,000 stock options and 100,000 restricted shares. According to the complaint, the total value of the awards was $51,653,997. After the company disclosed the awards, stockholders filed three separate complaints, alleging breaches of fiduciary duty by the directors for awarding themselves excessive compensation.

Only StudyBuddy Pro offers the complete Case Brief Anatomy*

Access the most important case brief elements for optimal case understanding.

*Case Brief Anatomy includes: Brief Prologue, Complete Case Brief, Brief Epilogue

  • The Brief Prologue provides necessary case brief introductory information and includes:
  • Topic:

    Identifies the topic of law and where this case fits within your course outline.
  • Parties:

    Identifies the cast of characters involved in the case.
  • Procedural Posture & History:

    Shares the case history with how lower courts have ruled on the matter.
  • Case Key Terms, Acts, Doctrines, etc.:

    A case specific Legal Term Dictionary.
  • Case Doctrines, Acts, Statutes, Amendments and Treatises:

    Identifies and Defines Legal Authority used in this case.
  • The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
  • Brief Facts:

    A Synopsis of the Facts of the case.
  • Rule of Law:

    Identifies the Legal Principle the Court used in deciding the case.
  • Facts:

    What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case.
  • Issue(s):

    Lists the Questions of Law that are raised by the Facts of the case.
  • Holding:

    Shares the Court's answer to the legal questions raised in the issue.
  • Concurring / Dissenting Opinions:

    Includes valuable concurring or dissenting opinions and their key points.
  • Reasoning and Analysis:

    Identifies the chain of argument(s) which led the judges to rule as they did.
  • The Brief Prologue closes the case brief with important forward-looking discussion and includes:
  • Policy:

    Identifies the Policy if any that has been established by the case.
  • Court Direction:

    Shares where the Court went from here for this case.

Your Law School
Success Begins Here

  • Case Briefs - the Socratic Savior! – Best in class and Largest Library of complete I.R.A.C. / C.R.E.A.C. Law School case briefs. Includes:
    • SmartBriefs® - Enhanced case briefs for optimal clarity
    • CaseCast® - Professor overviews of "What you need to know"
    • New MarginBrief® - A.I. - Powered for faster, more efficient case recall
  • Lessons - Professor delivered video for topic reinforcement
  • Outlines - Professor written - downloadable, amendable and includes test-taking tips and tools
  • Refresher Courses - Quick course reviews with interactive exercises
  • Quizzes and Exams - over 5,000 Multiple Choice and Essay questions all Professor curated and answered
  • Exam Prep Workshops - Delivered by Professors on how to disect, organize and answer law school exam questions
  • and so much more ...
Start your FREE Trial