Legal Opinion
In Re Tri-Star Pictures, Inc., Litigation
Supreme Court of Delaware
Decided December 8, 1993PublishedCited by 156 opinions
1Opinion of the Court
MOORE, Justice.
In this class action the plaintiffs are former minority stockholders of Tri-Star Pictures, Inc. (“Tri-Star” or the “Company”) who challenge a business combination between Tri-Star and the Entertainment Business Sector of the Coca-Cola Company (the “Combination”). The Combination, with its related transactions and surrounding facts, is complicated and convoluted — sufficient to daunt any but the most determined analyst or challenger. Shorn of its bristles and fuzz, however, it was the way Coca-Cola, at no significant cost to itself, obtained 80% ownership of Tri-Star. The Court…
2Cases cited40 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Smith v. Van GorkomSupreme Court of Delaware · 1985
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3Cited by156 opinions
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- In Re General Motors (Hughes) Shareholder LitigationSupreme Court of Delaware · 2006
- Emerald Partners v. BerlinSupreme Court of Delaware · 1999
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