Legal Opinion
Baron v. Pressed Metals of America, Inc.
Supreme Court of Delaware
Decided July 5, 1956PublishedCited by 15 opinions
1Opinion of the Court
Southerland, Chief Justice:
Plaintiff below, holder of. 200 shares of common stock of Pressed Metals of America, Inc., a Delaware corporation, sued to enjoin a sale of certain assets of the corporation to the defendant, Frederick W. Richmond, on the ground that the consideration was grossly inadequate. The case was fully heard by the Vice Chancellor on depositions, testimony, and exhibits. The Vice Chancellor found that the terms of the sale were fair and that no breach of the directors’ fiduciary duty had been proved. He accordingly dismissed the complaint, and the sale was consummated.…
2Cases cited8 opinions
- Sterling v. Mayflower Hotel Corp.Supreme Court of Delaware · 1952
- Allied Chemical & Dye Corp. v. Steel & Tube Co. of AmericaCourt of Chancery of Delaware · 1923
- Allaun v. Consolidated Oil Co.Court of Chancery of Delaware · 1929
- Robinson v. Pittsburgh Oil Refining Corp.Court of Chancery of Delaware · 1924
- Schiff v. RKO Pictures Corp.Court of Chancery of Delaware · 1954
3 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Gimbel v. Signal Companies, Inc.Court of Chancery of Delaware · 1974
- Golden Telecom, Inc. v. GLOBAL GT LPSupreme Court of Delaware · 2010
- Michael T. Gage v. General Motors Corporation, a Delaware Corporation Ronald Mayer and Mike Gage Chevrolet, Inc., a Delaware CorporationCourt of Appeals for the Tenth Circuit · 1986
- M.P.M. Enterprises, Inc. v. GilbertSupreme Court of Delaware · 1999
- Kaplan v. GoldsamtCourt of Chancery of Delaware · 1977
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