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antagonism

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 354 U.S. 91 - Smith v. Sperling · 1957Most cited · 1,054 citing opinions

There is antagonism whenever the management is aligned against the stockholder and defends a course of conduct which he attacks. ... Whenever the management refuses to take action to undo a business transaction or whenever, as in this case, it so solidly approves it that any demand to rescind would be futile, antagonism is evident. The cause of action, to be sure, is that of the corporation. But the corporation has become through its managers hostile and antagonistic to the enforcement of the claim.