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Case Book Supplement Available

Users of Klein, Ramseyer, & Bainbridge’s Business Associations case book are advised that a 2008 supplement is now available. Table of Contents:

Chapter 1. Agency 1
Section 3. Liability of Principal to Third Parties in Tort 1
A. Servant versus Independent Contractor 1
Chapter 2. Partnerships 3
Section 2. The Fiduciary Obligations of Partners 3
A. Introduction 3
Perretta v. Prometheus Development Company, Inc. 3
Note 9
Analysis 9
Chapter 5. The Duties of Officers, Directors, and Other Insiders 11
Section 2. Duty of Loyalty 11
A. Directors and Managers 11
Benihana of Tokyo, Inc. v. Benihana, Inc. 11
Analysis 16
Section 3. The Obligation of Good Faith 17
Introduction 17
A. Compensation 18
In re The Walt Disney Co. Derivative Litigation 18
Analysis 37
Desimone v. Barrows 38
Analysis 54
Jones v. Harris Associates L.P. 55
Analysis 58
B. Oversight 59
Introduction 59
Stone v. Ritter 59
Analysis 66
Section 4. Disclosure and Fairness 67
C. Rule 10b-5 67
Dura Pharmaceuticals, Inc. v. Broudo 67
Analysis 70
Chapter 6. Problems of Control 71
Section 1. Proxy Fights 71
C. Private Actions for Proxy Rule Violations 71
Aftermath 71
D. Shareholder Proposals 71
AFSCME v. AIG, Inc. 71
Background and Aftermath 75
Analysis 75
Problems 76
E. Shareholder Inspection Rights 77
Aftermath 77
Section 4. Abuse of Control 77
Brodie v. Jordan 77
Analysis 81