Legal Opinion
Istituto Bancario Italiano SpA v. Hunter Engineering Co.
Supreme Court of Delaware
Decided July 20, 1982No. 93, 1981PublishedCited by 116 opinions
1Opinion of the Court
QUILLEN, Justice:
This action was filed by Istituto Bancario Italiano SpA (IBI) in the Court of Chancery seeking to have cancelled 190,000 shares of the 200,000 shares of Hunter Engineering Company, Inc. (Hunter), which had been issued to Hunter’s parent, Efday B.V. (Efday), as a stock dividend, and then sold to Tools Machine-En-Gereedschappenhandel B.V. (Tools), the present owner of the shares. IBI, the pledgee from Efday of the original 10,000 shares of Hunter common stock, charged that the 190,000 shares were fraudulently issued as part of a conspiracy to dilute IBI’s control of Hunter. IBI…
2Cases cited37 opinions
- International Shoe Co. v. WashingtonSupreme Court of the United States · 1945
- World-Wide Volkswagen Corp. v. WoodsonSupreme Court of the United States · 1980
- Hanson v. DencklaSupreme Court of the United States · 1958
- McGee v. International Life InsuranceSupreme Court of the United States · 1957
- Pennoyer v. NeffSupreme Court of the United States · 1878
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3Cited by116 opinions
- American International Group, Inc. v. GreenbergCourt of Chancery of Delaware · 2009
- Crescent/Mach I Partners, L.P. v. TurnerCourt of Chancery of Delaware · 2000
- MacKey v. Compass Marketing, Inc.Court of Appeals of Maryland · 2006
- Moran v. Household International, Inc.Court of Chancery of Delaware · 1985
- Sternberg v. O'NEILSupreme Court of Delaware · 1988
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