Shlensky v. Wrigley
Illinois Appellate Court
237 N.E.2d 776 (1968)
Relevant factsFree
The Chicago Cubs, owned by the Chicago National League Ball Club and led by President Philip Wrigley (defendants), remained the only major league team not playing night games, resulting in lower ticket sales and profitability than other teams; shareholder Shlensky (plaintiff) sued, alleging installing stadium lights would be financially practicable and profitable, and that Wrigley's true motive was a personal belief that night games were against the spirit of baseball rather than any legitimate business judgment. The trial court dismissed the suit, and Shlensky appealed.
IssueFree
Whether a single aggrieved shareholder can sue a board of directors alleging that the board is not maximizing profits.