Alta Berkeley VI C v. v. Omneon, Inc.
Supreme Court of Delaware
1Opinion of the Court
JACOBS, Justice:
The appellants, plaintiffs-below (referred to herein as “appellants” or “Series C-l preferred shareholders”), held Series C-l preferred shares in Omneon, Inc., a Delaware corporation (“Omneon”). 1 The appellants held their Series C-l preferred shares until September 15, 2010, when those shares were “automatically” involuntarily) converted into Omneon common stock by a majority vote of Omneon’s preferred shareholders (the “conversion”), other than the Series A-2.2 preferred. The conversion was a condition of, and occurred “immediately prior to” a merger of Omneon with Orinda…
2Cases cited8 opinions
- Rhone-Poulenc Basic Chemicals Co. v. American Motorists Insurance Co.Supreme Court of Delaware · 1992
- GMG Capital Investments, LLC v. Athenian Venture Partners ISupreme Court of Delaware · 2012
- City Investing Co. Liquidating Trust v. Continental Casualty Co.Supreme Court of Delaware · 1993
- Elliott Associates, L.P. v. Avatex Corp.Supreme Court of Delaware · 1998
- Centaur Partners, IV v. National Intergroup, Inc.Supreme Court of Delaware · 1990
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