Legal Opinion
Korsn v. Carey
Court of Chancery of Delaware
Decided February 18, 1960PublishedCited by 40 opinions
1Opinion of the Court
Marvel, Vice Chancellor:
The complaint herein as amended not only charges the directors of Lehn & Fink Products Corporation with the allegedly improper act of using corporate rather than personal funds for the purchase of 60,200 shares of Lehn & Fink stock from United Whelan Corporation as well as the separate corporate act of purchasing the assets of National Laboratories, Inc. at an excessive price, but also complains of collusive dealings between representatives of these two corporations in negotiating and consummating the stock purchase under attack. However, plaintiff conceded at trial…
2Cases cited18 opinions
- Strong v. RepideSupreme Court of the United States · 1909
- Allaun v. Consolidated Oil Co.Court of Chancery of Delaware · 1929
- Martin v. American Potash & Chemical Corp.Supreme Court of Delaware · 1952
- Leventhal v. KrinskyMassachusetts Supreme Judicial Court · 1950
- Yasik v. Harry Wachtel & Diamond State Brewery, Inc.Court of Chancery of Delaware · 1941
13 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Ruth Panter v. Marshall Field & Co., Richard Weiss v. Marshall Field & Co.Court of Appeals for the Seventh Circuit · 1981
- Mills Acquisition Co. v. MacMillan, Inc.Supreme Court of Delaware · 1989
- Fed. Sec. L. Rep. P 95,916 Howard Polin, Etc. v. Conductron CorporationCourt of Appeals for the Eighth Circuit · 1977
- Condec Corporation v. Lunkenheimer CompanyCourt of Chancery of Delaware · 1967
35 more not listed; retrieve them via the Exa API.