International Brotherhood of Teamsters General Fund v. Fleming Companies, Inc.
Supreme Court of Oklahoma
1Opinion of the CourtSimms, J.
¶ 1 The United States Court of Appeals, Tenth Circuit, John C. Porfilio, Presiding Judge, pursuant to 20 O.S.1991, § 1601, certified to the Oklahoma Supreme Court the following question of law:
Does Oklahoma law [A] restrict the authority to create and implement shareholder rights plans exclusively to the board of directors, or [B] may shareholders propose resolutions requiring that shareholder rights plans be submitted to the shareholders for vote at the succeeding annual meeting?
¶ 2 We answer the first part of the question in the negative and the second part affirmatively. We hold under…
2Cases cited6 opinions
- Michelson v. DuncanSupreme Court of Delaware · 1979
- Oberly v. KirbySupreme Court of Delaware · 1991
- Robert A. Wachsler, Inc., a Connecticut Corporation v. Florafax International, Inc., a Delaware CorporationCourt of Appeals for the Tenth Circuit · 1985
- State Ex Rel. Oklahoma Employment SEC. Com. v. Tulsa Flower ExchangeSupreme Court of Oklahoma · 1943
- Sumner Coal Mining Co. v. PleasantSupreme Court of Oklahoma · 1926
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3Cited by4 opinions
- General DataComm Industries, Inc. v. State of Wisconsin Investment BoardCourt of Chancery of Delaware · 1999
- Gen. Datacomm Indust. v. State Inv. Bd.Court of Chancery of Delaware · 1999
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- Haddan v. The Coves Master Association, Inc.Court of Civil Appeals of Oklahoma · 2025