Examples of Controlling Stockholders in a sentence
The Director Defendants cannot place their own personal self-interests or the interests of the Controlling Stockholders above the interests of the Company’s minority shareholders.
In addition, the fiduciary relationship between the Controlling Stockholders and the Company’s minority stockholders, like Plaintiffs and the class, prohibited the Controlling Stockholders from using their voting power for an ulterior purpose adverse to the interests of the corporation and its minority stockholders.
As a result of the breaches of their fiduciary duties by the Director Defendants and the Controlling Stockholders, Plaintiffs and other similarly situated shareholders have been harmed and continue to be harmed in that they did not receive fair and adequate consideration for their Bowl America Class A stock.
The Director Defendants and the Controlling Stockholders stand in a fiduciary relationship to the Company, Plaintiffs, and other similarly situated shareholders in the context of the sale of Bowl America.
Steere to ACCEPT, with thanks, the resignation of Stephanie Westgate from the Parade Committee; seconded by Councilor Burlingame.