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Boland v. Boland Trane Associates, Inc.
Citation:31 A.3d 529 (2011)
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- 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.
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- 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. Review the Facts of this case here:
The derivative suit focused on stock transactions in a family business owned primarily by eight siblings. Four of the siblings were directors and officers of two family corporations. The derivative suit questioned several stock transactions in which three directors had acquired additional corporate stock. Believing these transactions had harmed them and the corporation, John and Kevin Boland, two non-director siblings, sent a demand for litigation to the corporation and thereafter filed a derivative action alleging self-dealing and a breach of fiduciary duty. The corporation appointed a special litigation committee, which concluded that the stock transactions were legitimate.
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