Bershad v. Curtiss-Wright Corp.
Supreme Court of Delaware
1Opinion of the Court
MOORE, Justice.
Plaintiff, John Bershad, brought this action against the defendants, Curtiss-Wright Corporation (“Curtiss-Wright”) and Dorr-Oliver Incorporated (“Dorr-Oliver”), in the Court of Chancery, challenging a 1979 cash-out merger of Dorr-Oliver by its parent, Curtiss-Wright. Bershad alleged (1) that the merger was effectuated without a proper business purpose; and (2) that the shareholder vote approving the merger was invalid since Dorr-Oliver’s proxy statement failed to inform minority stockholders that Curtiss-Wright had a strict policy against selling its 65% holdings in…
2Cases cited27 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Smith v. Van GorkomSupreme Court of Delaware · 1985
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