Study Aids
Case Briefs Overview
Casebooks
Case Briefs
J

Jiannaras v. Alfant

27 N.Y.3d 349 (2016)

From our private database of 46,500+ case briefs, written and edited by humans—never with AI.

Jiannaras v. Alfant

New York Court of Appeals
27 N.Y.3d 349 (2016)

Facts

After Google, Inc. (defendant) and On2 Technologies, Inc. (On2) (defendant) merged, Michael Jiannaras (plaintiff), an On2 shareholder, filed a class-action suit in New York state court on behalf of himself and similarly situated On2 shareholders (On2 shareholders) (plaintiffs) against Mike Alfant (defendant) and others, alleging that On2’s directors breached their fiduciary duties. The complaint primarily sought equitable relief. Other On2 shareholders filed similar suits in Delaware state court. The New York and Delaware plaintiffs ultimately agreed to settle their claims against On2 and On2’s directors. The settlement, among other things, required class members to release all merger-related claims, including claims for damages, and did not allow class members to opt out of the settlement. More than 200 On2 shareholders objected to the proposed settlement due to the absence of an opt-out right. The supreme court concluded that the settlement was fair, adequate, reasonable, and in the class members’ best interests, but the supreme court declined to approve the settlement because it provided no opt-out mechanism for out-of-state class members. The appellate division affirmed. The directors and On2 appealed.

Rule of Law

Issue

Holding and Reasoning (Pigott, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 832,000 law students since 2011. Some law schools even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 832,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,500 briefs, keyed to 994 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.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 832,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,500 briefs - keyed to 994 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership

Casebooks

Litigation

Key Terms