Legal Opinion
In Re Anderson, Clayton Shareholders Lit.
Court of Chancery of Delaware
Decided June 6, 1986No. C.A. 8387 ConsolidatedPublishedCited by 15 opinions
1Opinion of the Court
ALLEN, Chancellor.
Pending in these consolidated actions brought as class actions by shareholders of Anderson, Clayton & Co. is an application to enjoin preliminarily the consummation of a recapitalization of that firm presently scheduled to be effectuated on June 10, 1986. I assume that the recapitalization proposal was approved by the Anderson, Clayton (the “Company”) shareholders at a special meeting held on June 3.
The recapitalization under attack is the most significant part of an effort to restructure Anderson, Clayton, which effort has already entailed the sale for cash of the Company’s…
2Cases cited24 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Aronson v. LewisSupreme Court of Delaware · 1984
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Smith v. Van GorkomSupreme Court of Delaware · 1985
- Unocal Corp. v. Mesa Petroleum Co.Supreme Court of Delaware · 1985
19 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Malone v. BrincatSupreme Court of Delaware · 1998
- Arnold v. Society for Savings Bancorp, Inc.Supreme Court of Delaware · 1994
- Navellier v. SlettenCourt of Appeals for the Ninth Circuit · 2001
- Citron v. Fairchild Camera & Instrument Corp.Supreme Court of Delaware · 1989
- Royal Business Group, Inc. v. Realist, Inc.Court of Appeals for the First Circuit · 1991
10 more not listed; retrieve them via the Exa API.