In Re Resorts International Shareholders Litigation Appeals
Supreme Court of Delaware
1Opinion of the Court
HORSEY, Justice:
Two Class A and four Class B stockholders (“the objectors”) of Resorts International, Inc. (“Resorts”), a Delaware corporation, contest an “Amended Settlement” of numerous consolidated class actions and derivative lawsuits filed by both Class A and Class B shareholders of Resorts. The shareholder suits encompass two separate takeover transactions. The first transaction involves Donald Trump’s purchase of a controlling interest in Resorts, followed by his unsuccessful attempt to take Resorts private. These events generated fourteen shareholder suits which culminated in a…
2Cases cited17 opinions
- Phillips Petroleum Co. v. ShuttsSupreme Court of the United States · 1985
- Aronson v. LewisSupreme Court of Delaware · 1984
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Smith v. Van GorkomSupreme Court of Delaware · 1985
- Grobow v. PerotSupreme Court of Delaware · 1988
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3Cited by12 opinions
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