Legal Opinion
Seneca Investments LLC v. Tierney
Court of Chancery of Delaware
Decided September 23, 2008No. Civil Action No. 3624-CCPublishedCited by 28 opinions
1Opinion of the Court
OPINION
CHANDLER, Chancellor.
Before me is a motion for judgment on the pleadings filed by respondent Seneca Investments, LLC (“Seneca” or the “Company”) in response to a petition for dissolution. Petitioner, the former Chief Executive Officer of Seneca, Michael P. Tierney, is seeking judicial dissolution of Seneca, which is in turn pursuing counterclaims against Tierney. Petitioner argues that the Court of Chancery should decree dissolution of Seneca because the Company is functioning only as a passive investment vehicle and has conducted limited active business over the past several years.…
2Cases cited11 opinions
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Rhone-Poulenc Basic Chemicals Co. v. American Motorists Insurance Co.Supreme Court of Delaware · 1992
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- In Re General Motors (Hughes) Shareholder LitigationSupreme Court of Delaware · 2006
- Desert Equities, Inc. v. Morgan Stanley Leveraged Equity Fund, II, L.P.Supreme Court of Delaware · 1993
6 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Central Mortgage Co. v. Morgan Stanley Mortgage Capital Holdings LLCSupreme Court of Delaware · 2011
- Feeley v. Nhaocg, LLCCourt of Chancery of Delaware · 2012
- Cigna Health and Life Insurance Company v. Audax Health Solutions, Inc.Court of Chancery of Delaware · 2014
- Condo v. ConnersSupreme Court of Colorado · 2011
- Allison v. ErikssonMassachusetts Supreme Judicial Court · 2018
23 more not listed; retrieve them via the Exa API.