Legal Opinion
Hart Holding Co. v. Drexel Burnham Lambert Inc.
Court of Chancery of Delaware
Decided February 13, 1991No. Civ. A. 11514PublishedCited by 51 opinions
1Opinion of the Court
OPINION
ALLEN, Chancellor.
In this action Hart Holding Company Incorporated and Reeves Industries, Inc. seek, inter alia, the cancellation of certain shares of Reeves common stock owned by certain of the defendants. Reeves is a Delaware corporation and its stock has a legal presence in this jurisdiction. 8 Del. C. § 169.
The gist of the complaint is that the stock in question was issued on the exercise of warrants that were obtained by defendants as the fruits of a conspiracy involving fraud and breach of fiduciary duty. This alleged conspiracy occurred in connection with Hart’s buyout of all of…
2Cases cited17 opinions
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- Shaffer v. HeitnerSupreme Court of the United States · 1977
- Marine Midland Bank, N.A. v. James W. MillerCourt of Appeals for the Second Circuit · 1981
- Cutco Industries, Inc. v. Dennis E. NaughtonCourt of Appeals for the Second Circuit · 1986
- Dennis T. Serras, Michael C. Gibbons, and Dieter J. Boehm v. First Tennessee Bank National AssociationCourt of Appeals for the First Circuit · 1989
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3Cited by51 opinions
- Crescent/Mach I Partners, L.P. v. TurnerCourt of Chancery of Delaware · 2000
- In Re USACafes, L.P. LitigationCourt of Chancery of Delaware · 1991
- Ryan v. GiffordCourt of Chancery of Delaware · 2007
- Hansen v. Neumueller GmbHDistrict Court, D. Delaware · 1995
- Ruggiero v. FUTURAGENE, PLC.Court of Chancery of Delaware · 2008
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