In Re Santa Fe Pacific Corp. Shareholder Litigation
Supreme Court of Delaware
1Opinion of the Court
VEASEY, Chief Justice:
In this appeal we decide when, in certain circumstances, a complaint in a corporate matter may properly be dismissed for faüure to state a claim upon which relief can be granted. Plaintiffs, a class of stockholders of Santa Fe Pacific Corporation (“Santa Fe”), appeal the dismissal of their complaint for faüure to state a claim under Rule 12(b)(6) of the Rules of the Court of Chancery (“Chancery Rule 12(b)(6)”). Plaintiffs filed suit against Santa Fe, its directors and Burlington Northern, Inc. (“Burlington”), chaüeng-ing a merger of Santa Fe and Burlington in the face of…
2Cases cited37 opinions
- Pension Benefit Guaranty Corporation v. White Consolidated Industries, Inc., C/o Ct Corporation Systems Registered AgentCourt of Appeals for the Third Circuit · 1993
- Hal Roach Studios, Inc., a Delaware Corporation v. Richard Feiner and Company, Inc., a New York CorporationCourt of Appeals for the Ninth Circuit · 1990
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Venture Associates Corporation, a Tennessee Corporation v. Zenith Data Systems Corporation, a Delaware CorporationCourt of Appeals for the Seventh Circuit · 1993
- Kramer v. Time Warner Inc.Court of Appeals for the Second Circuit · 1991
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3Cited by298 opinions
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- VLIW TECHNOLOGY, LLC v. Hewlett-Packard Co.Supreme Court of Delaware · 2003
- In Re General Motors (Hughes) Shareholder LitigationSupreme Court of Delaware · 2006
- Kuroda v. SPJS Holdings, L.L.C.Court of Chancery of Delaware · 2009
- Ramunno v. CawleySupreme Court of Delaware · 1998
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