Legal Opinion
Shenk ex rel. Sirius XM Radio Inc. v. Karmazin
District Court, S.D. New York
Decided October 28, 2011No. Nos. 11 Civ. 2943 (JSR), 11 Civ. 3506 (JSR)PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM ORDER
JED S. RAKOFF, District Judge.
In these two derivative actions on behalf of Sirius XM Radio, Inc. (“Sirius XM”), plaintiffs separately allege that the defendants, all of whom are either officers or directors at Sirius XM, committed certain transgressions while persuading regulators and shareholders to approve a merger between Sirius Satellite Radio, Inc. (“Sirius”) and XM Satellite Radio Holdings, Inc. (“XM”), which the companies completed and closed on July 29, 2008. Specifically, plaintiff Goe alleges breach of fiduciary duty, unjust enrichment, and waste of corporate assets.…
2Cases cited20 opinions
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Aronson v. LewisSupreme Court of Delaware · 1984
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- Novak v. KasaksCourt of Appeals for the Second Circuit · 2000
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3Cited by2 opinions
- Shenk v. KarmazinDistrict Court, S.D. New York · 2012
- Iron Workers Mid-South Pension Fund v. DavisDistrict Court, D. Minnesota · 2015