Legal Opinion

Emerald Partners v. Berlin

Court of Chancery of Delaware

Decided June 30, 1989No. Civ. A. 9700PublishedCited by 19 opinions

1Opinion of the Court

HARTNETT, Vice-Chancellor.

Defendants moved to disqualify the plaintiff, Emerald Partners, a New Jersey limited partnership, (“Emerald”) from serving as the class plaintiff in this purported stockholder derivative and class action on the grounds that a fatal conflict of interest exists between Emerald and the class which consists of the other minority shareholders of defendant May Petroleum, Inc. (“May”). The defendants further seek the disqualification of Emerald’s counsel, Kech Mahin Cate & Koether (“the Koether firm”), on the grounds that a lawyer may not act as class counsel in a case…

2Cases cited36 opinions

  1. Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
  2. Fed. Sec. L. Rep. P 94,405 Joe L. Smallwood v. Pearl Brewing Company, Southdown, Inc., Zapata Norness, Inc., Albert J. Rangeand D. Doyle MizeCourt of Appeals for the Fifth Circuit · 1974
  3. Lewis v. CurtisCourt of Appeals for the Third Circuit · 1982
  4. Fed. Sec. L. Rep. P 96,173 Michael Susman v. Lincoln American Corp., Ann Flamm and Arnold Flamm v. Rudolph Eberstadt, Jr. And Microdot, Inc.Court of Appeals for the Seventh Circuit · 1977
  5. Mitchell A. KRAMER and David C. Harrison v. SCIENTIFIC CONTROL CORP. Et Al. Appeal of ARTHUR ANDERSEN & CO.Court of Appeals for the Third Circuit · 1976

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3Cited by19 opinions

  1. Emerald Partners v. BerlinSupreme Court of Delaware · 1999
  2. South ex rel. Hecla Mining Co. v. BakerCourt of Chancery of Delaware · 2012
  3. In re Southern Peru Copper Corp. Shareholder Derivative LitigationCourt of Chancery of Delaware · 2011
  4. Arkansas Valley State Bank v. PhillipsSupreme Court of Oklahoma · 2007
  5. Northbrook Digital, LLC v. Vendio Services, Inc.District Court, D. Minnesota · 2008

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