Philip Schechtman v. Louis E. Wolfson’s Empirical Analysis
244 F.2d 537 · 1957
Citation profile
10 federal appellate · 2 district · 6 state decisions
How this case has been cited
Cited by 29 later decisions (1 by the Supreme Court) — most recently June 2012 · most notably Mills v. Electric Auto-Lite Co. (1970), Kahan v. Rosenstiel (1970)
10 federal appellate · 2 district · 6 state decisions
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
Relationships
Relies on United States v. W. T. Grant Co. · Calvin R. Morgan v. Riverside Mills Company, C. A. Folk, T. I. Ward · Groesbeck v. Goldstein · Milgram v. Loew's, Inc. · Chemical Bank & Trust Co. v. Group of Institutional Investors
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 29 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“there should be some check on derivative actions lest they be purely strike suits of great nuisance and no affirmative good, and hence it is ruled that the benefit to the corporation and the general body of shareholders must be substantial.”
1 later decision quote this exact passage · from the majoritye.g. Lewis v. Anderson““The modern equity practice is to allow counsel fees to successful prosecutors of derivative suits although no judgment has been obtained if they show substantial benefit to the corporation through their efforts, * * * ””
1 later decision quote this exact passage · from the majority
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.