42 Misc. 2d 640 - Platt Corp. v. Platt’s Empirical Analysis
1964
Citation profile
2 district · 4 state decisions
How this case has been cited
Cited by 14 later decisions — most recently August 2018
2 district · 4 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 International Shoe Co. v. Washington · Hanson v. Denckla · McGee v. International Life Insurance · Pennoyer v. Neff · Johnston v. United States
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 14 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
““It is the obvious duty of directors to know what is transpiring in' the business affairs of their corporation. They cannot assume the responsibilities of their fiduciary position, then simply close their eyes to what is going on around them and thereby avoid the consequences by the mere failure to act. While corporate directors are not liable for errors of judgment, nevertheless, the law holds them accountable for that which they reasonably should have known or discovered in the discharge of their duties. . Mere passivity and disavowal of knowledge alone do not and should not constitute a pass to freedom from responsibility.””
2 later decisions quote this exact passage
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.