Perlman v. Feldmann (1955) Overview | LSData Case Brief Video Summary

Minority stockholders of Newport Steel Corporation are suing C. Russell Feldmann and others for allegedly illegally gaining from the sale of their controlling interest in the corporation to Wilport Company. Feldmann had a fiduciary duty to act in the best interest of the corporation and its beneficiaries. The plaintiffs are appealing the dismissal of their complaint. The trial court found that the price of $20 per share was fair for a control block of stock, but did not consider the value without its ability to control the distribution of the corporate product. Feldmann is accused of siphoning off corporate advantages for personal gain during a favorable market situation. The possibility of corporate gain is enough to support the minority stockholders' action against him. Perlman v. Feldmann (1955) United States Court of Appeals for the Second Circuit 219 F.2d 173 Learn more about this case at https://www.lsd.law/briefs/view/perlm... --- Law School Data has over 50,000 case briefs and a one-of-a-kind brief tool to instantly brief millions of US cases with just the name or case cite. Check out all of our case briefs: https://www.lsd.law/briefs Briefs come with built in LSDefine and DeepDive, which allow you to read as quickly or as deeply as you want. Each brief has a built in legal dictionary and recursive summaries that go into more and more detail, until you eventually hit the original case text. Subscribe for new videos every week: https://www.youtube.com/@LSData?sub_c...