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Zapata Corp. v. Maldonado
Citation:430 A.2d 779 (1981)
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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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- 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 June, 1975, William Maldonado, a stockholder of Zapata, instituted a derivative action on behalf of Zapata against ten officers and directors of Zapata, alleging breaches of fiduciary duty. Maldonado did not first demand that the board bring this action, stating instead such demand’s futility. 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 two new directors to investigate Maldonado’s actions and a similar derivative action. The Committee concluded that each action should be dismissed as their continued maintenance is inimical to the company’s best interests. Consequently, Zapata moved for summary judgment.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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- 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.
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