Legal Opinion

Zapata Corp. v. Maldonado

Supreme Court of Delaware

Decided May 13, 1981PublishedCited by 319 opinions

1Opinion of the Court

QUILLEN, Justice:

This is an interlocutory appeal from an order entered on April 9,1980, by the Court of Chancery denying appellant-defendant Zapata Corporation’s (Zapata) alternative motions to dismiss the complaint or for summary judgment. The issue to be addressed has reached this Court by way of a rather convoluted path.

In June, 1975, William Maldonado, a stockholder of Zapata, instituted a derivative action in the Court of Chancery on behalf of Zapata against ten officers and/or directors of Zapata, alleging, essentially, breaches of fiduciary duty. Maldonado did not first demand that the…

2Cases cited27 opinions

  1. Burks v. LaskerSupreme Court of the United States · 1979
  2. Auerbach v. BennettNew York Court of Appeals · 1979
  3. United Copper Securities Co. v. Amalgamated Copper Co.Supreme Court of the United States · 1917
  4. Sterling v. Mayflower Hotel Corp.Supreme Court of Delaware · 1952
  5. Keenan v. EshlemanSupreme Court of Delaware · 1938

22 more not listed; retrieve them via the Exa API.

3Cited by319 opinions

  1. Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
  2. Aronson v. LewisSupreme Court of Delaware · 1984
  3. Malpiede v. TownsonSupreme Court of Delaware · 2001
  4. Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
  5. Fed. Sec. L. Rep. P 98,860 Athalie Doris Joy v. Nelson L. North, Nelson L. NorthCourt of Appeals for the Second Circuit · 1982

314 more not listed; retrieve them via the Exa API.

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