Category: Business Law

Engel v. Pedigree Puppies, Inc.

CORPORATIONS; VEIL PIERCING—Fundamental elements of due process preclude even a small claims court from piercing a corporate veil without supporting evidence.

• Opinion Date: January 15, 2003

Casey v. Amboy Bancorporation

CORPORATIONS; VALUATION—If a court requires a supplemental report from a corporation valuation expert, the parties have the right to depose the expert on what then constitutes a new opinion.

• Opinion Date: June 26, 2003

Weil v. Express Container Corporation

CORPORATIONS; SHAREHOLDERS; OPPRESSION—New Jersey’s oppressed shareholder’s statute does not include a remedy for shareholders after the corporation is dissolved.

• Opinion Date: May 21, 2003

Hartnett v. Mastrorilli

CORPORATIONS; SHAREHOLDERS; DERIVATIVE ACTIONS—A court has considerable discretion in determining whether a settlement proposed by a corporation’s shareholders in a derivative action proceeding will fairly, reasonably, and adequately serve the best interests of the corporation and its shareholders.

• Opinion Date: September 29, 2003

Crouse v. Agorganic, Inc.

CORPORATIONS; SHAREHOLDERS—It is not necessary that a stock certificate be issued to vest a person with a stockholder’s rights and privileges since a person may be vested under a contract with an equitable right of ownership.

• Opinion Date: September 30, 2003

Reliable Envelope and Graphics, Inc. v. McHugh

CORPORATIONS; SHAREHOLDERS—A valuation provision in a shareholder’s agreement based upon the death of a shareholder will not be extended to cover the case of a shareholder who withdraws because of a permanent disability.

• Opinion Date: December 18, 2003

Triffin v. Jefferson Health Systems, Inc.

CORPORATIONS; SERVICE OF PROCESS—A corporation doing business in New Jersey may be served with process by sending the summons and complaint to the New Jersey Secretary of State and it need not be personally served in its home state.

• Opinion Date: June 25, 2003

Dhillon v. The Garden State Sikh Association, Inc.

CORPORATIONS; NON-PROFIT—A court may intervene in a religious corporation’s non-secular election disputes, but should not make itself the final arbiter of those disputes; instead, it should leave such matters to the membership, and if the members cannot agree, appoint a special master.

• Opinion Date: October 9, 2003

Slobodien v. Medical Inter-Insurance Exchange of New Jersey

CORPORATIONS; DIRECTORS; BENEFITS—Where a director’s fringe-style benefit is a mere gratuity, it may be terminated by the corporation at any time.

• Opinion Date: March 18, 2003

Seidman v. United National Bankcorp

CORPORATIONS; BY-LAWS—A corporation may change its by-laws to target and prevent certain individuals from being directors provided that its shareholders are not disenfranchised.

• Opinion Date: July 15, 2003