Legal Opinion
Cent. Laborers' Pension Fund v. McAfee, Inc.
California Court of Appeal, 5th District
Decided November 15, 2017No. H039508PublishedCited by 8 opinions
1Opinion of the CourtPremo, J.
*302This is a class action brought by former public shareholders of security technology company McAfee, Inc. Intel Corporation acquired McAfee in a cash sale at $48 per share for a total of $7.68 billion (merger). Plaintiff Central Laborers' Pension Fund (plaintiff), on behalf of itself and the class, alleges that McAfee, Intel, and the former members of McAfee's board of directors-comprised of nine outside directors and the former president and CEO, David DeWalt (together defendants)-engaged in an unfair merger process contaminated by conflicts. Plaintiff claims that in pursuit of his own…
2Cases cited53 opinions
- Pepper v. LittonSupreme Court of the United States · 1939
- Aguilar v. Atlantic Richfield Co.California Supreme Court · 2001
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
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3Cited by8 opinions
- Eng v. Brown, California Court of Appeal, 5th District2018
- Airs Aromatics, LLC v. CBL Data Recovery Tech. Inc.California Court of Appeal · 2020
- Eng v. BrownCalifornia Court of Appeal · 2018
- John W. Baldwin, Jr., Robert N. Baldwin, James R. Baldwin, and John E. Baldwin v. Thomas P. Connor, Jr., Maria H. Connor, John J. Connor, II, Nicholas Kourtis, Polyvinyl Films, Inc., and Indusol, Inc.Massachusetts Superior Court · 2025
- Leigh Ann Jackson v. Eileen A. GasparDistrict Court, C.D. California · 2021
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