Legal Opinion
NL Industries, Inc. v. Maxxam, Inc.
Court of Chancery of Delaware
Decided February 13, 1995No. Civ. A. 12111, 12353PublishedCited by 37 opinions
1Opinion of the Court
OPINION
JACOBS, Vice Chancellor.
Pending is a motion to approve a proposed settlement of these shareholder derivative actions brought on behalf of MAXXAM, Inc. (“MAXXAM”), and its subsidiary, MCO Properties, Inc. (“MCOP”), both Delaware corporations. Named as defendants are MAXXAM, MCOP, certain MAXXAM directors, 1 and MAXXAM’s controlling stockholder, Federated Development Company (“Federated”).
The claims being settled arise out of two separate transactions that occurred in 1987 and 1991, respectively. In 1987, MCOP and Federated executed two loan agreements (the “1987 loans”) whereby MCOP…
2Cases cited18 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
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
13 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- Standard Chartered PLC v. Price WaterhouseCourt of Appeals of Arizona · 1997
- John P. Kennedy v. Venrock AssociatesCourt of Appeals for the Seventh Circuit · 2003
- Benihana of Tokyo, Inc. v. Benihana, Inc.Court of Chancery of Delaware · 2005
- Bomarko, Inc. v. International Telecharge, Inc.Court of Chancery of Delaware · 1999
- In Re Zenith Electronics Corp.United States Bankruptcy Court, D. Delaware · 1999
32 more not listed; retrieve them via the Exa API.