Legal Opinion
In Re Caremark International Inc. Derivative Litigation
Court of Chancery of Delaware
Decided September 25, 1996No. Civil Action 13670PublishedCited by 376 opinions
1Opinion of the Court
OPINION
ALLEN, Chancellor.
Pending is a motion pursuant to Chancery Rule 23.1 to approve as fair and reasonable a proposed settlement of a consolidated derivative action on behalf of Caremark International, Inc. (“Caremark”). The suit involves claims that the members of Caremark’s board of directors (the “Board”) breached their fiduciary duty of care to Caremark in connection with alleged violations by Care-mark employees of federal and state laws and regulations applicable to health care providers. As a result of the alleged violations, Caremark was subject to an extensive four year…
2Cases cited17 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Fed. Sec. L. Rep. P 98,860 Athalie Doris Joy v. Nelson L. North, Nelson L. NorthCourt of Appeals for the Second Circuit · 1982
- Smith v. Van GorkomSupreme Court of Delaware · 1985
- Paramount Communications Inc. v. QVC Network Inc.Supreme Court of Delaware · 1994
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3Cited by376 opinions
- Stone v. RitterSupreme Court of Delaware · 2006
- In Re Walt Disney Co. Derivative LitigationSupreme Court of Delaware · 2006
- Barry Belmont v. MB Investment Partners, Inc.Court of Appeals for the Third Circuit · 2013
- In Re Citigroup Inc. Shareholder Derivative LitigationCourt of Chancery of Delaware · 2009
- Guttman v. HuangCourt of Chancery of Delaware · 2003
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