Legal Opinion
City Capital Associates Ltd. Partnership v. Interco Inc.
Court of Chancery of Delaware
Decided November 1, 1988No. Civ. A. 10105PublishedCited by 37 opinions
1Opinion of the Court
OPINION
ALLEN, Chancellor.
This case, before the court on an application for a preliminary injunction, involves the question whether the directors of Inter-co Corporation are breaching their fiduciary duties to the stockholders of that company in failing to now redeem certain stock rights originally distributed as part of a defense against unsolicited attempts to take control of the company. In electing to leave Interco’s “poison pill” in effect, the board of Interco seeks to defeat a tender offer for all of the shares of Interco for $74 per share cash, extended by plaintiff Cardinal…
2Cases cited16 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Unocal Corp. v. Mesa Petroleum Co.Supreme Court of Delaware · 1985
- Sinclair Oil Corporation v. LevienSupreme Court of Delaware · 1971
11 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- In re Trados Inc. Shareholder LitigationCourt of Chancery of Delaware · 2013
- Raymond Alton Priddy, (88-1299) v. Asher B. Edelman, Martin Warshofsky v. Fruehauf Corporation, Raymond Alton Priddy, Objector-Appellant, (88-1867)Court of Appeals for the Sixth Circuit · 1989
- Paramount Communications, Inc. v. Time Inc.Supreme Court of Delaware · 1990
- Cantor Fitzgerald, L.P. v. CantorCourt of Chancery of Delaware · 1998
- NACCO INDUSTRIES, INC. v. Applica Inc.Court of Chancery of Delaware · 2009
32 more not listed; retrieve them via the Exa API.