Legal Opinion
Alfred Blasband v. Steven M. Rales Mitchell P. Rales John Doe 1-10 Danaher Corporation, Alfred Blasband, Derivatively on Behalf of Danaher Corporation
Court of Appeals for the Third Circuit
Decided July 31, 1992No. 91-3633PublishedCited by 117 opinions
1Opinion of the Court
GREENBERG, Circuit Judge:
I
FACTUAL AND PROCEDURAL HISTORY
Alfred Blasband appeals from a district court order of August 15, 1991, dismissing his complaint pursuant to Fed.R.Civ.P. 12(b)(6) and Fed.R.Civ.P. 23.1 in this shareholder derivative suit. This appeal raises difficult issues regarding shareholder standing and demand futility in derivative actions brought under Delaware law. In view of the procedural posture of the case, we will accept Blasband’s allegations in our disposition of the appeal.
Blasband is a former shareholder of Eas-co Hand Tools, Inc. On September 1,1988, while Blasband…
2Cases cited44 opinions
- Hafer v. MeloSupreme Court of the United States · 1991
- Salve Regina College v. RussellSupreme Court of the United States · 1991
- Kamen v. Kemper Financial Services, Inc.Supreme Court of the United States · 1991
- Aronson v. LewisSupreme Court of Delaware · 1984
- Rose v. BartleCourt of Appeals for the Third Circuit · 1989
39 more not listed; retrieve them via the Exa API.
3Cited by117 opinions
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- Benjamin Post v. St Paul Travelers Ins CoCourt of Appeals for the Third Circuit · 2012
- Skretvedt v. E.I. DuPont De NemoursCourt of Appeals for the Third Circuit · 2004
- Sneed v. WebreTexas Supreme Court · 2015
- In Re Bear Stearns Companies, Inc. Securities, Derivative, & Erisa LitigationDistrict Court, S.D. New York · 2011
112 more not listed; retrieve them via the Exa API.