Legal Opinion
T. Rowe Price Recovery Fund, L.P. v. Rubin
Court of Chancery of Delaware
Decided June 23, 2000No. C.A.18013PublishedCited by 20 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
I. INTRODUCTION
On April 26, 2000, two investment funds collectively holding 42% of the stock of Seaman Furniture Company, Inc. filed this individual and derivative action against Seaman, Resurgence Asset Management, L.L.C. (Seaman’s majority stockholder), Resurgence’s board designees, and the company’s executive management. The funds seek to enjoin the implementation of management and shared services agreements (the “Agreements” or “Challenged Transactions”) recently executed between Seaman and its chief competitor, Levitz Furniture, Inc., which has been in…
2Cases cited15 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Sinclair Oil Corporation v. LevienSupreme Court of Delaware · 1971
- Mills Acquisition Co. v. MacMillan, Inc.Supreme Court of Delaware · 1989
10 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- In re Pure Resources, Inc., Shareholders LitigationCourt of Chancery of Delaware · 2002
- In Re Netsmart Technologies, Inc. Shareholders LitigationCourt of Chancery of Delaware · 2007
- In Re Del Monte Foods Co. Shareholders LitigationCourt of Chancery of Delaware · 2011
- Pell v. KillCourt of Chancery of Delaware · 2016
- Kohls v. DuthieCourt of Chancery of Delaware · 2000
15 more not listed; retrieve them via the Exa API.