Legal Opinion
Schiff v. RKO Pictures Corp.
Court of Chancery of Delaware
Decided March 26, 1954PublishedCited by 18 opinions
1Opinion of the Court
Seitz, Chancellor:
This is a stockholders’ class action to enjoin the corporate defendant from accepting an offer to purchase its assets, and also for the appointment of a receiver. The court was so pressed for a quick decision that it did not have time to write a short opinion.
By letter, dated February 7, 1954, Howard R. Hughes, chairman of the board of RKO Pictures Corporation (hereafter called “RKO”), offered to purchase all of RKO’s assets of every kind including claims and causes of action against any person including Hughes for the sum of $23,489,478. Actually RKO is a holding company…
2Cases cited8 opinions
- Allied Chemical & Dye Corp. v. Steel & Tube Co. of AmericaCourt of Chancery of Delaware · 1923
- Gottlieb v. Heyden Chemical Corp.Supreme Court of Delaware · 1952
- Allied Chemical & Dye Corp. v. Steel & Tube Co. of AmericaCourt of Chancery of Delaware · 1923
- Allaun v. Consolidated Oil Co.Court of Chancery of Delaware · 1929
- Kaufman v. ShoenbergCourt of Chancery of Delaware · 1952
3 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Saxe v. BradyCourt of Chancery of Delaware · 1962
- Puma v. MarriottCourt of Chancery of Delaware · 1971
- Kaplan v. GoldsamtCourt of Chancery of Delaware · 1977
- Saxe v. BradyCourt of Chancery of Delaware · 1962
- Schiff v. RKO Pictures Corp.Court of Chancery of Delaware · 1954
13 more not listed; retrieve them via the Exa API.