Confirm favorite deletion?
Business Associations Keyed to Bainbridge
Zapata Corp. v. Maldonado
Citation:430 A.2d 779 (Del. 1981)
In June, 1975, William Maldonado, a stockholder of Zapata, instituted a derivative action against ten officers and directors of Zapata, alleging breaches of fiduciary duty. Maldonado stated that demanding the board to bring an action would be futile because all directors were named as defendants and participated in the acts alleged. By June, 1979, four of the defendant-directors were no longer on the board. The board then created an Independent Investigation Committee, composed solely of the two new directors, to investigate Maldonado’s actions and to determine whether the corporation should continue any of the litigation. The Committee’s determination was stated to be final. Following an investigation, the Committee concluded that each action should be dismissed as their continued maintenance is inimical to the Company’s best interests.
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.