Legal Opinion
In Re Philadelphia Stock Exchange, Inc.
Supreme Court of Delaware
Decided March 27, 2008No. 613, 2007, 615, 2007PublishedCited by 30 opinions
1Opinion of the Court
JACOBS, Justice.
Pending before us are appeals from an Order and Final Judgment of the Court of Chancery approving a settlement of this shareholder class action, over the objection of certain members of the class. The action challenged certain transactions (the “Strategic Investor Transactions”) in which almost 90% of the equity of the Philadelphia Stock Exchange (“PHLX” or “the Exchange”) was sold to six institutional investors (the “Strategic Investors”). 1 The settlement, which occurred on the eve of trial following a mediation before a different judge, includes: (1) the return, to the…
2Cases cited32 opinions
- Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
- Phillips Petroleum Co. v. ShuttsSupreme Court of the United States · 1985
- Ortiz v. Fibreboard Corp.Supreme Court of the United States · 1999
- Wal-Mart Stores, Inc. v. Visa U.S.A. Inc.Court of Appeals for the Second Circuit · 2005
- Matsushita Electric Industrial Co. v. EpsteinSupreme Court of the United States · 1996
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3Cited by30 opinions
- Quadrant Structured Products Company, Ltd. v. VertinCourt of Chancery of Delaware · 2014
- Brinckerhoff v. Texas Eastern Products Pipeline Co.Court of Chancery of Delaware · 2010
- BVF Partners L.P. v. New Orleans Employees' Retirement SystemSupreme Court of Delaware · 2012
- In Re Revlon, Inc. Shareholders LitigationCourt of Chancery of Delaware · 2010
- Seven Investments, LLC v. AD Capital, LLCCourt of Chancery of Delaware · 2011
25 more not listed; retrieve them via the Exa API.