Legal Opinion
Bomarko, Inc. v. International Telecharge, Inc.
Court of Chancery of Delaware
Decided November 16, 1999No. C.A. 13052, 14727PublishedCited by 57 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
I. INTRODUCTION
This is a consolidated appraisal and breach of fiduciary duty action filed in connection with a March 1993 merger in which the shares of International Telec-harge, Inc. (“ITI” or the “Company”) were cashed-out for $0.30 per share and ITI was merged into a corporation wholly-owned by Ronald J. Haan, ITI’s chairman and CEO. Plaintiffs/petitioners, consisting principally of James D. Azzar and entities owned by Mr. Azzar, owned 2,181,682 shares or 10.8% of ITI’s issued and outstanding shares as of the record date for the Merger. Plaintiffs perfected…
2Cases cited26 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- Guth v. Loft, Inc.Supreme Court of Delaware · 1939
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
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3Cited by57 opinions
- Auriga Capital Corp. v. Gatz Properties, LLCCourt of Chancery of Delaware · 2012
- Carlson v. HallinanCourt of Chancery of Delaware · 2006
- In re Southern Peru Copper Corp. Shareholder Derivative LitigationCourt of Chancery of Delaware · 2011
- Teachers' Retirement System v. AidinoffCourt of Chancery of Delaware · 2006
- Agranoff v. MillerCourt of Chancery of Delaware · 2001
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