영문목차
Table of Cases=xiii
Introduction=xvii
Chapter One The Nature and Purpose of the Corporation=3
Introduction=3
Section 1. The Nature of the Corporation=4
Section 2. The Purpose of the Corporation=6
Dodge v. Ford Motor Co.=6
A. P. Smith Mfg. Co. v. Barlow=14
The American Law Institute Principles of Corporate Governance : Analysis and Recommendations=18
Section 3. Who Counts within the Corporation?=21
Steinway v. Steinway & Sons=21
Simons v. Cogan=24
Jedwab v. MGM Grand Hotels, Inc.=26
Connecticut General Statutes Annotated=29
New York Business Corporations Law=30
Shareholder Valuism : The New Business "Ethic"=31
Section 4. The Role of the Corporation in Public Life=33
Poletown Neighborhood Council v. City of Detroit=34
Charter Township of Ypsilanti v. General Motors Corporation=35
John Doe I v. Unocal Corporation=40
Section 5. The Legal Structure of the Corporation=57
Section 6. A Global Perspective=60
William W. Bratton and Joseph A. McCahery, Comparative Corporate Governance and the Theory of the Firm : The Case Against Global Cross Reference=61
Chapter 2. The Duties of Directors and Officers=65
Introduction=65
Section 1. The Authority of the Board=66
People ex rel. Manice v. Powell et al.=69
Grimes v. Donald=71
Section 2. Derivative Litigation=77
A. The Distinction Between Derivative and Direct Actions=78
Eisenberg v. The Flying Tiger Line, Inc.=78
Rule 23.1. Derivative Actions by Shareholders=81
B. Security for Expenses=82
Baker v. MacFadden Publications, Inc.=82
The Fiduciary Duties of Directors and Officers=84
Section 3. The Duty of Care=85
Kamin v. American Express Company=85
Cede & Co. v. Technicolor, Inc.=94
Francis v. United Jersey Bank=103
Senn v. Northwest Underwriters Inc.=112
Smith v. Van Gorkom=114
In re Caremark International Inc. Derivative Litigation=129
In re the Walt Disney Company Derivative Litigation=141
Section 4. The Duty of Loyalty=154
A. Self-Dealing Transactions=156
Meinhard v. Salmon=156
Bayer v. Beran=163
Marciano v. Nakash=169
Delaware General Corporation Law=176
New York Business Corporation Law=176
Cooke v. Oolie=177
Section 5. Fairness=182
Fair Price : A Matter of Value―A Primer on Financial Valuation=182
Section 6. Not for Profits=190
In re Croton River Club, Inc., Debtor. Croton River Club, Inc. v. Half Moon Bay Homeowners Association, Inc.=190
Section 7. Corporate Opportunity=194
Broz v. Cellular Information Systems, Inc.=194
Energy Resources Corporation, Inc. v. Porter=203
In re eBay, Inc. Shareholders Litigation=205
ALI Principles of Corp. Governance §5.05 Principles of Corporate Governance : Analysis and Recommendations=208
Section 8. Compensation and Waste=210
Lewis v. Vogelstein=210
Sanders v. Wang=221
Section 9. Demand Refusal, Demand Excused and Special Committees in Derivative Litigation=231
A. Demand Refusal=231
Marx v. Akers=231
B. Demand Excused and Special Committees=238
Auerbach v. Bennett=238
Zapata Corporation v. Maldonado=244
Section 10. The Sarbanes-Oxley Act of 2002=250
Section 11. Indemnification=256
Waltuch v. Conticommodity Services, Inc.=256
A. Delaware Cases=258
B. Statutory Reading=260
Citadel Holding Corporation v. Roven=265
Chapter 3. Closely Held Corporations and Related Matters=271
Section 1. Preliminary Matters=272
A. A Catalog of Business Forms=273
1. Elements of Choice=273
2. The Forms of Doing Business=275
B. Agency=279
1. Types of Agency Authority=280
Watteau v. Fenwick=282
2. Scope of Authority=284
Clover v. Snowbird Ski Resort=284
Section 2. The Process of Incorporating=288
A. Promoters, Pre-incorporation Agreements, and Promoter Liability=289
Coopers & Lybrand v. Fox=289
B. Choosing the State of Incorporation=291
C. Defective Incorporation=292
Cranson v. International Business Machines Corp.=293
Section 3. Disregard of Corporate Identity=295
Walkovsky v. Carlton=295
Kinney Shoe Corporation v. Polan=301
Comment on Piercing=305
1. Parent/Subsidiary=307
2. Reverse Piercing=308
Sea-Land Services, Inc. v. The Pepper Source=309
Section 4. The Position of Minority Shareholders in Closely Held Corporations=314
A. Shareholder Voting and Control=315
B. Agreements Among Shareholders=317
1. Proxies=317
2. Voting Trusts=318
3. Shareholders Agreements=319
Ringling Bros.-Barnum & Bailey Combined Shows, Inc. v. Ringling=320
Lehrman v. Cohen=326
Oceanic Exploration Co. v. Grynberg=333
Ramos v. Estrada=339
Rosiny v. Schmidt=344
C. Shareholders' Ability to Bind Directors=355
McQuade v. Stoneham=356
Clark v. Dodge=362
Caller v. Galler=364
Note on Statutory Changes=371
D. Fiduciary Duties of Shareholders in Closely Held Corporations=372
Donahue v. Rodd Electrotype Company of New England, Inc.=373
Wilkes v. Springside Nursing Home, Inc.=382
Sugarman v. Sugarman=387
Zidell v. Zidell, Inc.=392
Ingle v. Glamore Motor Sales, Inc.=395
Smith v. Atlantic Properties, Inc.=402
E. Remedies for Oppression=406
Matter of Kemp & Beatley, Inc.=407
Alaska Plastics, Inc. v. Coppock=411
In the Matter of the Voluntary Dissolution of Radom & Neidorff, Inc.=416
In the Matter of June Wollman v. Marilyn Littman=420
F. Other Shareholder Cases=421
Sinclair Oil Corporation v. Levien=421
Anadarko Petroleum Corporation v. Panhandle Eastern Corporation=425
Zahn v. Transamerica Corp.=431
Perlman v. Feldmann=435
Weinberger v. UOP, Inc.=439
Chapter 4. Basic Issues in Securities Regulation=449
Section 1. The Regulation of Transactions in Securities=449
A. Registration of Newly Issued Securities Under the Securities Act of 1933=450
B. The Meaning of "Security"=450
Great Lakes Chemical Corp. v. Monsanto Co.=451
Koch v. Hankins=463
C. The Registration Requirement=470
Securities and Exchange Commission v. Ralston Purina Co.=473
Section 2. Antifraud Provisions of the Securities Acts=477
A. Historical Antecedents=478
Goodwin v. Agassiz=478
B. Insider Trading Under the Securities Exchange Act of 1934=481
1. Underpinnings of the Modern Rule=482
In the Matter of Cady, Roberts & Co.=482
Securities and Exchange Commission v. Texas Gulf Sulphur=488
2. Limitations on the Applicability of §10(b)=499
Santa Fe Industries, Inc. v. Green=499
Basic Inc. v. Levinson=505
3. Theoretical Expansion of the Concept of "Insider"=515
Chiarella v. United States=516
Dirks v. Securities and Exchange Commission=520
Moss v. Morgan Stanley Inc.=528
United States v. Chestman=535
United States v. O'Hagan=543
Section 3. Short Swing Profits=549
Smolowe v. Delendo Corp.=551
Reliance Electric Co. v. Emerson Electric Co.=554
Kern County Land Co. v. Occidental Petroleum Corp.=560
Foremost-McKesson, Inc. v. Provident Securities Company=566
Chemical Fund v. Xerox Corp.=572
Chapter Five The Corporation in Modern Society=577
Section 1. Protection of Shareholder Voting Participation=577
A. The Solicitation Process=578
B. Proxy Fight Expenses=579
Rosenfeld v. Fairchild Engine and Airplane Corp.=579
C. Shareholder Rights to Make Proposals for Shareholder Action=586
1. Shareholder Proposals=586
Medical Committee for Human Rights v. SEC=588
New York City Employees' Retirement System v. Dole Food Co.=597
D. Shareholder Right to Inspect=605
State ex. rel. Pillsbury v. Honeywell, Inc.=608
Parsons v. Jefferson-Pilot Corp.=612
E. False or Misleading Proxy Materials=615
Mills v. Electric Auto-Lite Co.=616
Virginia Bankshares, Inc. v. Sandberg=620
Section 2. Protection of Constituencies Other Than Shareholders=628
A. Historical Antecedents=629
A.P. Smith Mfg. Co. v. Barlow=629
B. Other Constituencies=630
C. Plant Closings=633
Local 1330 United Steel Workers of America v. United States Steel Corp.=633
Shapiro Bros. Shoe Co., Inc. v. Lewiston-Auburn Shoeworkers Protective Ass'n, Inc.=643
Section 3. The Corporation as Political Actor=646
A. Political Contributions and Expenditures=648
First National Bank of Boston v. Bellotti=648
Citizens United v. Federal Election Commission=656
B. Limitations Based on Government Grant=671
Reagan v. Taxation With Representation=671
C. The Blurring of the Public/Private Distinction=673
Marsh v. Alabama=674
Lloyd Corporation, Ltd. v. Tanner=680
New Jersey Coalition Against War in the Middle East v. J. M. B. Realty Corporation=689
Chapter Six Fundamental Transactions and Corporate Debt=701
Section 1. Basic Accounting=701
The Balance Sheet=702
The Income Statement=702
Statement of Cash Flows=703
Section 2. Sales of Assets=704
Katz v. Bregman=706
Section 3. Mergers=708
A. Some Historical Background=709
B. De Facto Mergers=711
Farris v. Glen Alden Corporation=713
Section 4. Parent-Subsidiary Mergers=718
A. The Remedy=719
Weinberger v. UOP, Inc.=719
Cede & Co. v. Technicolor=720
B. Weinberger's Reach=723
Rabkin v. Hunt Chemical Corporation=723
In re Siliconix Incorporated Shareholders Litigation=727
Glassman v. Unocal Exploration Corp.=734
Coggins v. New England Patriots Football Club, Inc.=737
Leader v. Hycor, Inc.=742
ACE Ltd. v. Capital Re Corp.=746
Section 5. Tender Offers=757
Cheff v. Mathes=759
Unocal Corporation v. Mesa Petroleum Co.=765
Moran v. Household International, Inc.=774
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.=780
Paramount Communications, Inc. v. Time Incorporated=789
Paramount Communications Inc. v. QVC Network Inc.=801
Air Products and Chemicals, Inc. v. Airgas, Inc.=820
Unitrin, Inc. v. American General Corp.=831
Omnicare, Inc. v. NCS Healthcare, Inc.=847
Section 5. Corporate Debt=870
A. Some Basics of Corporate Debt=870
B. The Meaning of the Indenture=871
Metropolitan Life Insurance Company v. RJR Nabisco, Inc.=871
Morgan Stanley v. Archer Daniels Midland=881
Sharon Steel Corporation v. Chase Manhattan Bank=889
Glossary=899
Index=909