Legal Opinion
Lewis v. Scotten Dillon Company
Court of Chancery of Delaware
Decided May 16, 1973PublishedCited by 4 opinions
1Opinion of the Court
DUFFY, Chancellor:
The determinative issue is whether fees should be allowed to plaintiff’s attorneys (and accountants) in this derivative stockholder action. This is the decision after final hearing.
A
Under date of May 15, 1970 the respective boards of Iroquois Industries, Inc. and Scotten Dillon Company, both Delaware corporations, approved an agreement providing for the acquisition by Iroquois of all assets of Scotten Dillon in exchange for 450,000 shares of Iroquois common stock. The exchange was related to all outstanding stock of Scotten Dillon and, in effect, involved a 1.5 ratio of…
2Cases cited8 opinions
- Fidanque v. American Maracaibo Co.Court of Chancery of Delaware · 1952
- Puma v. MarriottCourt of Chancery of Delaware · 1971
- Fidanque v. American Maracaibo Co.Court of Chancery of Delaware · 1952
- Rosenthal v. Burry Biscuit Corp.Court of Chancery of Delaware · 1949
- Diamond State Brewery, Inc. v. de la RigaudiereCourt of Chancery of Delaware · 1941
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3Cited by4 opinions
- Parfi Holding AB v. Mirror Image Internet, Inc.Court of Chancery of Delaware · 2001
- Haft v. Dart Group Corp.District Court, D. Delaware · 1993
- Burge v. FreyDistrict Court, D. Kansas · 1982
- Baron v. Allied Artists Pictures Corp.Court of Chancery of Delaware · 1978