Legal Opinion
Alaska Elec. Pension Fund v. Brown
Supreme Court of Delaware
Decided January 14, 2010No. 240,2009PublishedCited by 32 opinions
1Opinion of the Court
RIDGELY, Justice.
This action originated with a tender offer by General William Lyon (“Lyon”) of $93 per share for the outstanding shares of Lyon Homes, Inc., a Delaware corporation. On the same day the tender offer was announced, Plaintiff Intervenor-Appellant Alaska Electrical Pension Fund (“Alaska”) filed a class action suit in the Superior Court of California. Two days later, individual stockholders filed two separate class actions in the Delaware Court of Chancery. All three suits alleged similar breaches of fiduciary duty and disclosure claims relating to the tender offer. Lyon and the…
2Cases cited16 opinions
- Usery v. Turner Elkhorn Mining Co.Supreme Court of the United States · 1976
- Levitt v. BouvierSupreme Court of Delaware · 1972
- Tackett v. State Farm Fire & Casualty Insurance Co.Supreme Court of Delaware · 1995
- Montgomery Cellular Holding Co. v. DoblerSupreme Court of Delaware · 2005
- Dover Historical Society, Inc. v. City of Dover Planning CommissionSupreme Court of Delaware · 2006
11 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- South ex rel. Hecla Mining Co. v. BakerCourt of Chancery of Delaware · 2012
- William Penn Partnership v. SalibaSupreme Court of Delaware · 2011
- In re Sauer-Danfoss Inc. Shareholders LitigationCourt of Chancery of Delaware · 2011
- Emak Worldwide, Inc. v. KurzSupreme Court of Delaware · 2012
- Contech Construction Products, Inc. v. HeierliDistrict Court, District of Columbia · 2011
27 more not listed; retrieve them via the Exa API.