Legal Opinion
In re Sauer-Danfoss Inc. Shareholders Litigation
Court of Chancery of Delaware
Decided April 29, 2011No. C.A. No. 5162-VCLPublishedCited by 54 opinions
1Opinion of the Court
OPINION
LASTER, Vice Chancellor.
The plaintiffs own an undisclosed number of shares of Sauer-Danfoss Inc. (“Sauer-Danfoss” or the “Company”). They filed suit hours after Danfoss A/S, the Company’s controlling stockholder, announced a plan to launch a tender offer for the Sauer-Danfoss minority shares. After filing, the plaintiffs did not actually litigate. Instead, their counsel tried to set up a disclosure-only settlement. For disputed reasons, talks broke down. After the plaintiffs amended their complaint to assert that the defendants failed to disclose the supplemental details contemplated…
2Cases cited32 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Alexander Kahan, on Behalf of Himself and All Others Similarly Situated v. Lewis RosenstielCourt of Appeals for the Third Circuit · 1970
- Rosenblatt v. Getty Oil Co.Supreme Court of Delaware · 1985
- Cheryl Reynolds v. Beneficial National Bank, Appeals of Belinda PetersonCourt of Appeals for the Seventh Circuit · 2002
- Loudon v. Archer-Daniels-Midland Co.Supreme Court of Delaware · 1997
27 more not listed; retrieve them via the Exa API.
3Cited by54 opinions
- In re KKR Financial Holdings LLC Shareholder LitigationCourt of Chancery of Delaware · 2014
- In re Trulia, Inc. Stockholder LitigationCourt of Chancery of Delaware · 2016
- Appel v. BerkmanSupreme Court of Delaware · 2018
- Zalvin v. AyersOhio Court of Appeals · 2020
- Henkel v. Aschinger, Court of Common Pleas of Ohio, Franklin County, Civil Division2012
49 more not listed; retrieve them via the Exa API.