Legal Opinion
Beals v. Washington International, Inc.
Court of Chancery of Delaware
Decided May 10, 1978PublishedCited by 38 opinions
1Opinion of the Court
HARTNETT, Vice Chancellor.
In this action plaintiffs are former stockholders of defendant-Formac, Inc. (For-mac). They were eliminated from equity participation in Formac as a result of a merger whereby defendant-MLZ, Inc. (MLZ) was merged into Formac. Plaintiffs seek to rescind the merger alleging misstatement of fact in the Proxy Statement in connection with the merger, and that the merger was approved only because of an illegal conspiracy among certain individual defendants who have not been served in this action.
At the time of the merger MLZ was a wholly owned subsidiary of…
2Cases cited31 opinions
- United States v. Borden Co.Supreme Court of the United States · 1939
- Northwestern National Casualty Company of Milwaukee, Wisconsin v. Edward A. McNulty and Walter Scott SmithCourt of Appeals for the Fifth Circuit · 1962
- Brady v. Trans World Airlines, Inc.Court of Appeals for the Third Circuit · 1968
- Stevens v. GladdingSupreme Court of the United States · 1855
- Holden v. Construction MacHinery CompanySupreme Court of Iowa · 1972
26 more not listed; retrieve them via the Exa API.
3Cited by38 opinions
- Elf Atochem North America, Inc. v. JaffariSupreme Court of Delaware · 1999
- Cooper Industries, LLC v. City of South BendIndiana Supreme Court · 2009
- Departamento de Asuntos del Consumidor v. Alturas de Florida Development Corp.Supreme Court of Puerto Rico · 1993
- Lussier v. Mau-Van Development, Inc. IHawaii Intermediate Court of Appeals · 1983
- Clark v. Teeven Holding Co., Inc.Court of Chancery of Delaware · 1992
33 more not listed; retrieve them via the Exa API.