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In re Inv’rs Bancorp, Inc. Stockholder Litig.
Citation:177 A.3d 1208 (2017)
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- 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.
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- 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. Review the Facts of this case here:
In 2014, Cummings, the Company’s President and CEO compensation totaled $2,778,700. At the end of 2014, the Committee met to review 2014 director compensation and set compensation for 2015. After setting the 2015 board compensation, the board proposed the 2015 Equity Incentive Plan, which was intended to provide additional incentives for the Company’s employees and directors to promote the Company’s growth. The Company’s committee held meetings that resulted in the committee approving awards of restricted stock options to all board members. The committee was advised by its outside counsel. The directors awarded themselves 7.8 million shares. Non-employee directors received 250,000 stock options. Cummings received 1,333,333 stock options. The stockholders of the company brought suit to challenge the committee’s approval.
- 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.