Legal Opinion
In re Rural Metro Corp.
Court of Chancery of Delaware
Decided March 7, 2014No. C.A. No. 6350-VCLPublishedCited by 81 opinions
1Opinion of the Court
OPINION
LASTER, Vice Chancellor.
On June 30, 2011, Rural/Metro Corporation (“Rural” or the “Company”) merged with an affiliate of Warburg Pincus LLC (“Warburg” or “WP”). Each publicly held share of Rural common stock was converted into the right to receive $17.25 in cash. The plaintiffs contend that the members of the Rural board of directors (the “Board”) breached their fiduciary duties by approving the merger and by failing to disclose material information in the Company’s definitive proxy statement (the “Proxy Statement”). The plaintiffs further contend that defendant RBC Capital Markets,…
2Cases cited73 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- Stone v. RitterSupreme Court of Delaware · 2006
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
68 more not listed; retrieve them via the Exa API.
3Cited by81 opinions
- Corwin v. KKR Financial Holdings LLCSupreme Court of Delaware · 2015
- The Honorable Karen Weldin Stewart, CIR-ML, Insurance Commissioner v. Wilmington Trust SP Services, Inc.Court of Chancery of Delaware · 2015
- Think3 Litigation Trust v. Zuccarello (In re Think3, Inc.)United States Bankruptcy Court, W.D. Texas · 2015
- Pell v. KillCourt of Chancery of Delaware · 2016
- Miller v. American Capital, Ltd. (In re NewStarcom Holdings, Inc.)United States Bankruptcy Court, D. Delaware · 2016
76 more not listed; retrieve them via the Exa API.