Legal Opinion
McMillan v. Intercargo Corp.
Court of Chancery of Delaware
Decided April 20, 2000No. Civil Action 16963PublishedCited by 112 opinions
1Opinion of the Court
OPINION
STRINE, Vice Chancellor.
Several stockholders of Intercargo Corporation have sued the (now former) directors of Intercargo (the “defendant directors”) for breach of fiduciary duty in connection with the acquisition of Intercar-go by XL America, Inc. for $12.00 a share (the “XL merger”). Earlier in this litigation, the plaintiffs sought a preliminary injunction against the consummation of the XL merger. That request was denied by Vice Chancellor Jacobs, 1 and the XL merger was approved by a vote of the Intercar-go stockholders on April 29, 1999. Thereafter, the XL merger was consummated…
2Cases cited21 opinions
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Emerald Partners v. BerlinSupreme Court of Delaware · 1999
- In Re Santa Fe Pacific Corp. Shareholder LitigationSupreme Court of Delaware · 1995
- Unocal Corp. v. Mesa Petroleum Co.Supreme Court of Delaware · 1985
- Grobow v. PerotSupreme Court of Delaware · 1988
16 more not listed; retrieve them via the Exa API.
3Cited by112 opinions
- McPadden v. SidhuCourt of Chancery of Delaware · 2008
- Official Committee of Unsecured Creditors of Verestar, Inc. v. American Tower Corp. (In Re Verestar, Inc.)United States Bankruptcy Court, S.D. New York · 2006
- Data Key Partners v. Permira Advisors LLCWisconsin Supreme Court · 2014
- In Re Toys" R" US, Inc.Court of Chancery of Delaware · 2005
- In Re Lear Corp. Shareholder LitigationCourt of Chancery of Delaware · 2008
107 more not listed; retrieve them via the Exa API.