Legal Opinion
Kahn v. Sullivan
Supreme Court of Delaware
Decided July 9, 1991PublishedCited by 14 opinions
1Opinion of the Court
HOLLAND, Justice:
This is an appeal from the approval of the settlement of one of three civil actions brought in the Court of Chancery by certain shareholders of Occidental Petroleum Corporation (“Occidental”). Each civil action challenged a decision by Occidental’s board of directors (the “Board”), through a special committee of Occidental’s outside directors (“the Special Committee”), to make a charitable donation. The purpose of the charitable donation was to construct and fund an art museum.
The shareholder plaintiffs in this litigation, 2 Joseph Sullivan and Alan Brody, agreed to a…
2Cases cited12 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Evans v. Jeff D. Ex Rel. JohnsonSupreme Court of the United States · 1986
- Smith v. Van GorkomSupreme Court of Delaware · 1985
- Grobow v. PerotSupreme Court of Delaware · 1988
- Levitt v. BouvierSupreme Court of Delaware · 1972
7 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- In re Trulia, Inc. Stockholder LitigationCourt of Chancery of Delaware · 2016
- In Re Philadelphia Stock Exchange, Inc.Supreme Court of Delaware · 2008
- In Re Triarc Companies, Inc.Court of Chancery of Delaware · 2001
- Schultz v. GinsburgSupreme Court of Delaware · 2009
- Skolnick v. Atlantic Gulf Communities Corp. (In Re General Development Corp.)District Court, S.D. Florida · 1995
9 more not listed; retrieve them via the Exa API.