Legal Opinion
Wolfensohn v. Madison Fund, Inc.
Supreme Court of Delaware
Decided April 8, 1969PublishedCited by 27 opinions
1Opinion of the Court
WOLCOTT, Chief Justice.
This is an appeal from the dismissal of a class action by the Court of Chancery. The action sought to void the acquisition by Katy Industries, Inc. (Industries) of 97% of the common stock of Missouri-Kansas-Texas Railroad Company (Railroad), or, in the alternative, to have the court declare that Industries had assumed the obligations of Railroad to the holders of its Certificates Constituting a Charge on Income and to the holders of its 5(4% Subordinated Income Debentures.
Prior to 1957, Railroad experienced financial difficulties. A major reason was the mounting…
2Cases cited7 opinions
- Federal United Corp. v. HavenderSupreme Court of Delaware · 1940
- Equity Corporation v. MiltonSupreme Court of Delaware · 1966
- Meyerson v. El Paso Natural Gas CompanyCourt of Chancery of Delaware · 1967
- Hariton v. Arco Electronics, Inc.Court of Chancery of Delaware · 1963
- Equity Corp. v. MiltonCourt of Chancery of Delaware · 1965
2 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- In re Trados Inc. Shareholder LitigationCourt of Chancery of Delaware · 2013
- Lussier v. Mau-Van Development, Inc. IHawaii Intermediate Court of Appeals · 1983
- Harff v. KerkorianCourt of Chancery of Delaware · 1974
- Mann v. Oppenheimer & Co.Supreme Court of Delaware · 1986
22 more not listed; retrieve them via the Exa API.