Legal Opinion

Alta Berkeley VI C v. v. Omneon, Inc.

Supreme Court of Delaware

Decided March 5, 2012No. 442, 2011PublishedCited by 158 opinions

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

  1. Rhone-Poulenc Basic Chemicals Co. v. American Motorists Insurance Co.Supreme Court of Delaware · 1992
  2. GMG Capital Investments, LLC v. Athenian Venture Partners ISupreme Court of Delaware · 2012
  3. City Investing Co. Liquidating Trust v. Continental Casualty Co.Supreme Court of Delaware · 1993
  4. Elliott Associates, L.P. v. Avatex Corp.Supreme Court of Delaware · 1998
  5. Centaur Partners, IV v. National Intergroup, Inc.Supreme Court of Delaware · 1990

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3Cited by158 opinions

  1. Nationwide Emerging Managers, LLC v. Northpointe Holdings, LLCSupreme Court of Delaware · 2015
  2. Evoqua Water Techs. v. M.W. WatermarkCourt of Appeals for the Sixth Circuit · 2019
  3. Martin Marietta Materials, Inc. v. Vulcan Materials Co.Supreme Court of Delaware · 2012
  4. Sergey Aleynikov v. Goldman Sachs Group IncCourt of Appeals for the Third Circuit · 2014
  5. Activision Blizzard, Inc. v. HayesSupreme Court of Delaware · 2013

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