Legal Opinion
Summa Corp. v. Trans World Airlines, Inc.
Supreme Court of Delaware
Decided April 4, 1988PublishedCited by 62 opinions
1Opinion of the Court
MOORE, Justice.
This accounting action has consumed more than twenty-five years of litigation between Trans World Airlines, Inc. (“TWA”), and the late Howard R. Hughes and his wholly owned enterprise, Hughes Tool Company (“Toolco”). 1 In length of time, although certainly not in other respects, it may almost seem reminiscent of Jamdyce and Jamdyce. 2 The end, however, is in sight.
In 1962 TWA sued Hughes and Toolco in the Court of Chancery alleging that the defendants had breached their fiduciary duty of loyalty by deliberately interfering with TWA’s commercial success to benefit themselves.…
2Cases cited23 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Hughes Tool Co. v. Trans World Airlines, Inc.Supreme Court of the United States · 1973
- Levitt v. BouvierSupreme Court of Delaware · 1972
- Rosenblatt v. Getty Oil Co.Supreme Court of Delaware · 1985
18 more not listed; retrieve them via the Exa API.
3Cited by62 opinions
- RBC Capital Markets, LLC v. JervisSupreme Court of Delaware · 2015
- Gotham Partners, L.P. v. Hallwood Realty Partners, L.P.Supreme Court of Delaware · 2002
- Americas Mining Corp. v. TheriaultSupreme Court of Delaware · 2012
- Schock v. NashSupreme Court of Delaware · 1999
- Montgomery Cellular Holding Co. v. DoblerSupreme Court of Delaware · 2005
57 more not listed; retrieve them via the Exa API.