Legal Opinion
Meyerson v. El Paso Natural Gas Company
Court of Chancery of Delaware
Decided July 27, 1967PublishedCited by 28 opinions
1Opinion of the Court
SHORT, Vice-Chancellor :
This is a derivative action brought by a minority stockholder of Northwest Production Corporation (Northwest) seeking an accounting by defendant El Paso Natural Gas Company (El Paso). The theory of the complaint is that El Paso has been unjustly enriched at the expense of Northwest by retaining tax savings resulting from consolidated income tax returns in which tax losses of Northwest were offset against taxable income of El Paso. The case is before the court on cross motions for summary judgment. This is the decision on those motions.
The record establishes the…
2Cases cited13 opinions
- Western Pacific Railroad Corp. v. Western Pacific Railroad Co.Supreme Court of the United States · 1953
- Western Pac R.R. Corp. v. Western Pac. R. Co. Metzger v. Western Pac. R. Co.Court of Appeals for the Ninth Circuit · 1952
- Case v. New York Central RailroadNew York Court of Appeals · 1965
- Eshleman v. KeenanCourt of Chancery of Delaware · 1937
- Western Pac. R. Corp. v. Western Pac. R. Co.Court of Appeals for the Ninth Circuit · 1953
8 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Sinclair Oil Corporation v. LevienSupreme Court of Delaware · 1971
- In Re Prudential Lines Inc.Court of Appeals for the Second Circuit · 1991
- Bob Richards Chrysler-Plymouth Corporation, Inc. v. EnglandCourt of Appeals for the Ninth Circuit · 1973
- Nisselson v. Drew Industries, Inc. (In Re White Metal Rolling & Stamping Corp.)United States Bankruptcy Court, S.D. New York · 1998
- Warren v. Century Bankcorporation, Inc.Supreme Court of Oklahoma · 1987
23 more not listed; retrieve them via the Exa API.