Legal Opinion
Leibert v. Grinnell Corp.
Court of Chancery of Delaware
Decided October 4, 1963PublishedCited by 4 opinions
1Opinion of the Court
Marvel, Vice Chancellor:
Plaintiff, a holder of common stock of Automatic Fire Alarm Company of Delaware, alleges in his complaint that the defendant Grinnell Corporation, which in 1949 acquired 50% of the outstanding stock of the defendant Automatic Fire Alarm of Delaware and thereafter acquired additional shares, has from since at least as long ago as 1950 so controlled the affairs of the latter defendant and its subsidiary, Automatic Fire Alarm Company of New York, as to cause such corporations not only improperly to accumulate their earnings to the injury of plantiff and other stockholders…
2Cases cited16 opinions
- Keenan v. EshlemanSupreme Court of Delaware · 1938
- Lydia E. Pinkham Medicine Co. v. GoveMassachusetts Supreme Judicial Court · 1939
- Standard Power & Light Corp. v. Investment Associates, Inc.Supreme Court of Delaware · 1947
- Investment Associates, Inc. v. Standard Power & Light Corp.Court of Chancery of Delaware · 1946
- Eshleman v. KeenanCourt of Chancery of Delaware · 1937
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3Cited by4 opinions
- Sagarra Inversiones, S.L. v. Cementos Portland Valderrivas, S.A.Supreme Court of Delaware · 2011
- In Re Red River Energy, Inc.United States Bankruptcy Court, S.D. Texas · 2009
- In re the Arbitration between Grinnell Corp. & Automatic Fire Alarm Co.Appellate Division of the Supreme Court of the State of New York · 1970
- Leibert v. Grinnell CorporationCourt of Chancery of Delaware · 1963