Bell Atlantic Corp. v. Bolger
United States Court of Appeals for the Third Circuit
2 F.3d 1304 (1993)
- Written by John Caddell, JD
Facts
Shareholders (plaintiffs) of Bell Atlantic Corp. (Bell Atlantic) (defendant) brought a derivative action against Bell Atlantic and its directors (defendants) seeking to recover amounts the corporation paid to consumers as part of a settlement with the Pennsylvania Attorney General (AG). The derivative suit stated that the AG settlement was the result of the individual defendants’ mismanagement of the corporation and, specifically, a breach of their duty of care. The derivative suit settled. Seymour Lazar, a Bell Atlantic shareholder, objected to the settlement on the grounds that Dechert, Price & Rhoads’s joint representation of Bell Atlantic and the individual defendants in the case was a conflict of interest. The district court held that the joint representation was appropriate and approved the settlement. Lazar appealed.
Rule of Law
Issue
Holding and Reasoning (Scirica, J.)
What to do next…
Here's why 780,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 46,200 briefs, keyed to 988 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.
