Legal Opinion
Schreiber v. Bryan
Court of Chancery of Delaware
Decided September 6, 1978PublishedCited by 35 opinions
1Opinion of the Court
HARTNETT, Vice Chancellor.
In this stockholders’ derivative action involving allegations of waste of corporate assets and diversion of corporate opportunity, defendants Pennzoil Company (Pennzoil) and Pennzoil Offshore Gas Operators, Inc. (POGO) 1 have moved for summary judgment. Defendants’ motion is premised on their contention that plaintiff (Schreiber) lacks standing to assert such claims because Schreiber was not a stockholder at the time the alleged wrongdoing occurred and is also estopped from pressing his claims inasmuch as the intercorporate arrangements complained of were fully…
2Cases cited29 opinions
- Guth v. Loft, Inc.Supreme Court of Delaware · 1939
- Sinclair Oil Corporation v. LevienSupreme Court of Delaware · 1971
- Sterling v. Mayflower Hotel Corp.Supreme Court of Delaware · 1952
- Singer v. Magnavox Co.Supreme Court of Delaware · 1977
- Kerbs v. California Eastern Airways, Inc.Supreme Court of Delaware · 1952
24 more not listed; retrieve them via the Exa API.
3Cited by35 opinions
- Alfred Blasband v. Steven M. Rales Mitchell P. Rales John Doe 1-10 Danaher Corporation, Alfred Blasband, Derivatively on Behalf of Danaher CorporationCourt of Appeals for the Third Circuit · 1992
- Fujimoto v. AuHawaii Supreme Court · 2001
- Alabama By-Products Corp. v. Cede & Co. Ex Rel. Shearson Lehman Bros.Supreme Court of Delaware · 1995
- Omnicare, Inc. v. NCS Healthcare, Inc.Court of Chancery of Delaware · 2002
- Warren v. Century Bankcorporation, Inc.Supreme Court of Oklahoma · 1987
30 more not listed; retrieve them via the Exa API.