Legal Opinion
Emerald Partners v. Berlin
Court of Chancery of Delaware
Decided December 29, 1997No. C.A. No. 9700PublishedCited by 3 opinions
1Opinion of the Court
OPINION
STEELE, Vice Chancellor.
Pending is defendants’ motion to recover damages occasioned by this Court’s grant of a preliminary injunction, later vacated by the Supreme Court, which had the effect of postponing a merger for five months. I find that defendants may recover provable damages up to the value of the substituted security posted by plaintiff.
Background
Emerald Partners (“Emerald”) filed this action against May Petroleum, Inc. (“May”), now Hall Financial Group, Inc. (“HFG”), and its directors (collectively, “defendants”) to enjoin a merger between May and thirteen corporations owned…
2Cases cited23 opinions
- Lever Brothers Company v. International Chemical Workers Union, Local 217Court of Appeals for the Fourth Circuit · 1976
- Fed. Sec. L. Rep. P 95,417 Stephen Blumenthal and Les Fein v. Merrill Lynch, Pierce, Fenner & Smith, Inc.Court of Appeals for the Second Circuit · 1990
- National Kidney Patients Association v. Louis W. Sullivan, M.D., Secretary, Department of Health and Human ServicesCourt of Appeals for the D.C. Circuit · 1992
- Nintendo of America, Inc. v. Lewis Galoob Toys, Inc.Court of Appeals for the Ninth Circuit · 1994
- Buddy Systems, Inc., a California Corporation v. Exer-Genie, Inc., a Corporation, and E. E. HolkesvickCourt of Appeals for the Ninth Circuit · 1976
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3Cited by3 opinions
- Emerald Partners v. BerlinSupreme Court of Delaware · 1999
- City of Miami General Employees' and Sanitation Employees' Retirement Trust v. Jerry M. Comstock, Jr.Court of Chancery of Delaware · 2016
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