In Re General Motors Class H Shareholders Litigation

OPINION

STRINE, Vice Chancellor.

This action challenges the fairness of transactions (the “Hughes Transactions”) that split up General Motors Corporation’s wholly owned Hughes Electronic Corporation (“Hughes Electronic”) subsidiary. The plaintiffs purportedly bring this action on behalf of themselves and other holders of the Class H Common Stock (“GMH shares or stock”) of General Motors (“GM”). GMH stock derived much of its value from the performance of Hughes Electronic.

Plaintiffs contend that in connection with the Hughes Transactions: 1) GM breached the rights of GMH stockholders under the…