Demoulas v. Demoulas Super Markets, Inc.
424 Mass. 501 | Massachusetts Supreme Judicial Court | 1997
Holding Summary
Shareholder derivative action for breach of fiduciary duty through corporate opportunity diversion is enforceable; exculpatory provisions in voting trust agreements barring such suits are unenforceable as contrary to public policy.
Exculpatory provisions barring shareholder derivative actions are unenforceable as contrary to trust law principles.
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