Legal Opinion
Blue Chip Capital Fund II Ltd. Partnership v. Tubergen
Court of Chancery of Delaware
Decided August 22, 2006No. C.A. 1611-NPublishedCited by 23 opinions
1Opinion of the Court
OPINION AND ORDER
LAMB, Vice Chancellor.
A minority preferred stockholder claims that the board breached the company’s certificate of incorporation when, after the sale of substantially all of the company’s assets, it distributed an inflated amount of the proceeds to the holders of a class of preferred stock which included the company’s controller. The stockholder brings this suit both derivatively and directly against the individual directors for breach of fiduciary duty and against the company for breach of contract and for breach of an implied covenant of good faith and fair dealing. The…
2Cases cited6 opinions
- Grobow v. PerotSupreme Court of Delaware · 1988
- In Re Lukens Inc. Shareholders LitigationCourt of Chancery of Delaware · 1999
- Jedwab v. MGM Grand Hotels, Inc.Court of Chancery of Delaware · 1986
- Rothschild International Corp. v. Liggett Group Inc.Supreme Court of Delaware · 1984
- In Re RegO Co.Court of Chancery of Delaware · 1992
1 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Nemec v. ShraderSupreme Court of Delaware · 2010
- Wood v. BaumSupreme Court of Delaware · 2008
- Carsanaro v. Bloodhound Technologies, Inc.Court of Chancery of Delaware · 2013
- Matsumura Ex Rel. Cutler v. Benihana National Corp.Court of Appeals for the Second Circuit · 2012
- Harrow v. Street (In Re Fruehauf Trailer Corp.)United States Bankruptcy Court, D. Delaware · 2007
18 more not listed; retrieve them via the Exa API.