Legal Opinion

Pershing Square v. Ceridian Corporation

Court of Chancery of Delaware

Decided May 11, 2007No. Civil Action 2780-CCPublishedCited by 32 opinions

1Opinion of the Court

OPINION

CHANDLER, Chancellor.

This is an action demanding access to books and records under 8 Del. C. § 220. Plaintiffs-stockholders Pershing Square, L.P., Pershing Square II, L.P., and Pershing Square International, Ltd. (collectively “Pershing Square”) seek access to two letters written by senior executives of Ceridi-an Corporation to its board of directors. 1 Pershing Square’s purported reason for reviewing these letters is to (1) communicate with stockholders regarding an ongoing proxy contest, (2) investigate the suitability of the current board of directors, and (3) investigate…

2Cases cited6 opinions

  1. Seinfeld v. Verizon Communications, Inc.Supreme Court of Delaware · 2006
  2. CM & M GROUP, INC. v. CarrollSupreme Court of Delaware · 1982
  3. Grimes v. DSC Communications Corp.Court of Chancery of Delaware · 1998
  4. Highland Select Equity Fund, L.P. v. Motient Corp.Court of Chancery of Delaware · 2006
  5. BBC Acquisition Corp. v. Durr-Fillauer Medical, Inc.Court of Chancery of Delaware · 1992

1 more not listed; retrieve them via the Exa API.

3Cited by32 opinions

  1. City of Westland Police & Fire Retirement System v. Axcelis Technologies, Inc.Supreme Court of Delaware · 2010
  2. Gaughan v. NATIONAL CUTTING HORSE ASS'N, Texas Court of Appeals, 2nd District (Fort Worth)2011
  3. Pederson v. Arctic Slope Regional Corp.Alaska Supreme Court · 2014
  4. Pederson v. Arctic Slope Regional CorporationAlaska Supreme Court · 2018
  5. Alexandria Venture Investments, LLC v. Verseau Therapeutics, Inc.Court of Chancery of Delaware · 2020

27 more not listed; retrieve them via the Exa API.

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