Legal Opinion
Zimmerman v. Crothall
Court of Chancery of Delaware
Decided January 31, 2013No. C.A. No. 6001-VCPPublishedCited by 61 opinions
1Opinion of the Court
OPINION
PARSONS, Vice Chancellor.
This case addresses the allegations of a minority unitholder in a privately held medical device company. The unitholder is the co-founder and former CEO of the company. He became a minority stakeholder after accepting investments in the company in exchange for units and after he sold some of his own units. The company is managed by a board of directors under its limited liability company operating agreement. The board of directors caused the company to enter into several financing transactions. The unitholder alleges that these transactions were in breach of…
2Cases cited31 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Estate of Osborn Ex Rel. Osborn v. KempSupreme Court of Delaware · 2010
- Rhone-Poulenc Basic Chemicals Co. v. American Motorists Insurance Co.Supreme Court of Delaware · 1992
26 more not listed; retrieve them via the Exa API.
3Cited by61 opinions
- In re Rural Metro Corp.Court of Chancery of Delaware · 2014
- Crothall v. ZimmermanSupreme Court of Delaware · 2014
- Northbound Group, Inc. v. Norvax, Inc.District Court, N.D. Illinois · 2013
- Kyle v. Apollomax, LLCDistrict Court, D. Delaware · 2013
- Sandt v. Energy Maintenance Services Group I, LLCCourt of Appeals of Texas · 2017
56 more not listed; retrieve them via the Exa API.