Legal Opinion
Sternberg v. O'NEIL
Court of Chancery of Delaware
Decided August 14, 1987PublishedCited by 3 opinions
1Opinion of the Court
OPINION
BERGER, Vice Chancellor.
Plaintiff brought this double derivative suit against Gencorp Inc. (“Gencorp”), its wholely-owned subsidiary, RKO General, Inc. (“RKO General”) and various past and present officers and directors of both corporations. The complaint alleges, among other things; that the individual defendants failed to administer the affairs of Gencorp and RKO General in a fair and careful manner and that they have been wasting the assets of both corporations by promoting and implementing a cover-up of wrongdoing in proceedings before the Federal Communications Commission (“FCC”).…
2Cases cited22 opinions
- International Shoe Co. v. WashingtonSupreme Court of the United States · 1945
- Burger King Corp. v. RudzewiczSupreme Court of the United States · 1985
- Insurance Corp. of Ireland v. Compagnie Des Bauxites De GuineeSupreme Court of the United States · 1982
- Milliken v. MeyerSupreme Court of the United States · 1941
- Shaffer v. HeitnerSupreme Court of the United States · 1977
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3Cited by3 opinions
- Sternberg v. O'NEILSupreme Court of Delaware · 1988
- Brown v. TenneyIllinois Supreme Court · 1988
- Branson v. Exide Electronics Corp.Supreme Court of Delaware · 1993