Legal Opinion
McDermott Inc. v. Lewis
Supreme Court of Delaware
Decided September 16, 1987PublishedCited by 91 opinions
1Opinion of the Court
MOORE, Justice:
We confront an important issue of first impression — whether a Delaware subsidiary of a Panamanian corporation may vote the shares it holds in its parent company under circumstances which are prohibited by Delaware law, but not the law of Panama. Necessarily, this involves questions of foreign law, and applicability of the internal affairs doctrine under Delaware law.
Plaintiffs, Harry Lewis and Nina Altman, filed these consolidated suits in the Court of Chancery in December, 1982 seeking to enjoin or rescind the 1982 Reorganization under which McDermott Incorporated, a Delaware…
2Cases cited38 opinions
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- Allstate Insurance v. HagueSupreme Court of the United States · 1981
- CTS Corp. v. Dynamics Corp. of AmericaSupreme Court of the United States · 1987
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3Cited by91 opinions
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- In Re USACafes, L.P. LitigationCourt of Chancery of Delaware · 1991
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