Legal Opinion
Kahn v. Tremont Corp.
Supreme Court of Delaware
Decided June 10, 1997No. 170, 1996PublishedCited by 104 opinions
1Opinion of the Court
WALSH, Justice.
This is an appeal by a plaintiff-shareholder, Alan R. Kahn (“Kahn”), from a decision of the Court of Chancery which approved the purchase by Tremont Corporation (“Tre-mont”) of 7.8 million shares of the Common Stock of NL Industries, Inc. (“NL”). The shares, constituting 15% of NL’s outstanding stock, were purchased from Valhi, Inc. (“Val-hi”), a corporation which was 90 percent owned by a trust for the family of Harold C. Simmons (“Simmons”).1 In turn, Valhi was *424the owner of a majority of NL’s outstanding stock and controlled Tremont through the ownership of 44% of its…
2Cases cited14 opinions
- Upjohn Co. v. United StatesSupreme Court of the United States · 1981
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Aronson v. LewisSupreme Court of Delaware · 1984
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Kahn v. Lynch Communication Systems, Inc.Supreme Court of Delaware · 1994
9 more not listed; retrieve them via the Exa API.
3Cited by104 opinions
- Beam Ex Rel. M. Stewart Living v. StewartSupreme Court of Delaware · 2004
- Emerald Partners v. BerlinSupreme Court of Delaware · 1999
- Americas Mining Corp. v. TheriaultSupreme Court of Delaware · 2012
- Leal v. MeeksSupreme Court of Delaware · 2015
- Kahn v. M & F Worldwide Corp.Supreme Court of Delaware · 2014
99 more not listed; retrieve them via the Exa API.