Legal Opinion
Gimbel v. Signal Companies, Inc.
Supreme Court of Delaware
Decided February 7, 1974PublishedCited by 97 opinions
1Per curiam
This is a derivative action by a stockholder to enjoin his corporation, The Signal Companies, Inc., from selling all outstanding capital stock of Signal Oil & Gas Company, its wholly owned subsidiary, to Burmah Oil Incorporated. In an exhaustive opinion, the Chancellor ruled that a preliminary injunction would issue restraining the sale on condition that plaintiff give security in the amount of $25 million. 1 Del.Ch., 316 A.2d 599 (1974). The Chancellor denied plaintiff’s application for an alternative order which would have permitted the transaction to be completed upon a “hold separate”…
2Cases cited6 opinions
- General Foods Corporation v. Cryo-Maid, Inc.Supreme Court of Delaware · 1964
- Richard Paul, Inc. v. Union Improvement Co.Supreme Court of Delaware · 1952
- Data General Corp. v. Digital Computer Controls, Inc.Supreme Court of Delaware · 1972
- Detroit Trust Co. v. Campbell River Timber Co.Court of Appeals for the Ninth Circuit · 1938
- Daniel D. Rappa, Inc. v. HansonSupreme Court of Delaware · 1965
1 more not listed; retrieve them via the Exa API.
3Cited by97 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- In Re Walt Disney Co. Derivative LitigationSupreme Court of Delaware · 2006
- Smith v. Van GorkomSupreme Court of Delaware · 1985
92 more not listed; retrieve them via the Exa API.