Legal Opinion
Kohls v. Kenetech Corp.
Court of Chancery of Delaware
Decided July 26, 2000No. Civ.A. 17763-NCPublishedCited by 26 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
I.INTRODUCTION
Plaintiffs bring this purported class action on behalf of all holders as of May 13, 1998, of Kenetech 8y4 % Preferred Redeemable Increased Dividend Equity Securities (“PRIDES”). Plaintiffs’ first claim rests entirely on their contract rights, as plaintiffs say they “seek[] to litigate whether [Kenetech] was ‘winding up’ when it carried out a program of selling off all its assets, paying all its debts, firing its employees and going out of any operating business.” If so, plaintiffs say that they had a right under the PRIDES Certificate of Designations…
2Cases cited10 opinions
- Rabkin v. Philip A. Hunt Chemical Corp.Supreme Court of Delaware · 1985
- Solomon v. Pathe Communications Corp.Supreme Court of Delaware · 1996
- In Re USACafes, L.P. LitigationCourt of Chancery of Delaware · 1991
- Columbia Casualty Co. v. Playtex FP, Inc.Supreme Court of Delaware · 1991
- Rothschild International Corp. v. Liggett Group Inc.Supreme Court of Delaware · 1984
5 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Allied Capital Corp. v. GC-Sun Holdings, L.P.Court of Chancery of Delaware · 2006
- Desimone v. BarrowsCourt of Chancery of Delaware · 2007
- Majkowski v. American Imaging Management Services, LLCCourt of Chancery of Delaware · 2006
- Louisiana Municipal Police Employees' Retirement System v. PyottCourt of Chancery of Delaware · 2012
- Aspen Advisors LLC v. United Artists Theatre Co.Court of Chancery of Delaware · 2004
21 more not listed; retrieve them via the Exa API.