Legal Opinion

AM General Holdings LLC v. The Renco Group, Inc. and The Renco Group, Inc. v. MacAndrews AMG Holdings LLC

Court of Chancery of Delaware

Decided June 26, 2020No. C.A. No. 7639-VCS and C.A. No. 7668-VCSPublished

1Opinion of the Court

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE AM GENERAL HOLDINGS LLC, ) directly and derivatively on behalf of ) ILSHAR CAPITAL LLC, ) ) Plaintiff, ) ) v. ) C.A. No. 7639-VCS ) THE RENCO GROUP, INC., IRA L. ) RENNERT, and ILR CAPITAL LLC, ) ) Defendants, ) ) and ) ) ILSHAR CAPITAL LLC, ) ) Nominal Defendant. ) THE RENCO GROUP, INC., ) ) Plaintiff, ) ) v. ) C.A. No. 7668-VCS ) MacANDREWS AMG HOLDINGS ) LLC, MacANDREWS & FORBES ) HOLDINGS INC., and RONALD O. ) PERELMAN, ) ) Defendants, ) ) and ) ) AM GENERAL HOLDINGS LLC, ) ) Nominal Defendant. ) MEMORANDUM OPINION Date Submitted: May 29,…

2Cases cited9 opinions

  1. Nemec v. ShraderSupreme Court of Delaware · 2010
  2. Rhone-Poulenc Basic Chemicals Co. v. American Motorists Insurance Co.Supreme Court of Delaware · 1992
  3. Eagle Industries, Inc. v. DeVilbiss Health Care, Inc.Supreme Court of Delaware · 1997
  4. Desert Equities, Inc. v. Morgan Stanley Leveraged Equity Fund, II, L.P.Supreme Court of Delaware · 1993
  5. United Rentals, Inc. v. RAM Holdings, Inc.Court of Chancery of Delaware · 2007

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