Legal Opinion
Werbowsky v. Collomb
Court of Appeals of Maryland
Decided February 6, 2001No. 53, Sept. Term, 2000PublishedCited by 94 opinions
1Opinion of the Court
WILNER, Judge.
This is a stockholder’s derivative suit. A minority stockholder in Lafarge Corporation sued the directors of the corporation, in the name of the corporation, alleging breach of fiduciary duty, waste, and gross negligence. 1 Those claims arose out of a transaction between Lafarge and its controlling stockholder, a French corporation named Lafarge S.A. (LSA), in which certain assets earlier purchased by LSA were sold to Lafarge for an amount that, in the plaintiffs’ view, exceeded their worth by $190 million.
The issue before us is not whether the plaintiffs have a valid complaint…
2Cases cited31 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
- Aronson v. LewisSupreme Court of Delaware · 1984
- Ross v. BernhardSupreme Court of the United States · 1969
- Hawes v. OaklandSupreme Court of the United States · 1882
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3Cited by94 opinions
- Walter v. GunterCourt of Appeals of Maryland · 2002
- In Re Merrill Lynch & Co. Research Reports Securities LitigationDistrict Court, S.D. New York · 2003
- Shenker v. Laureate Education, Inc.Court of Appeals of Maryland · 2009
- Faulk v. EwingCourt of Appeals of Maryland · 2002
- Boland v. BolandCourt of Appeals of Maryland · 2011
89 more not listed; retrieve them via the Exa API.