Legal Opinion
In Re Triarc Companies, Inc.
Court of Chancery of Delaware
Decided January 12, 2001No. Consolidated C.A. 15746PublishedCited by 23 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
I
In 1994, Triare Companies, Inc. sought and obtained, by means of a written proxy statement, stockholder approval of a compensation agreement (“Plan”) between the corporation and its two most senior executives, Nelson Peltz and Peter May. The proxy statement disclosed that the compensation to be paid to Peltz and May under that agreement would be “in lieu of base salary, annual performance bonuses and long term compensation for a six-year period beginning April, 1993.”
Three years later, plaintiffs filed a series of class and derivative complaints, here and in…
2Cases cited10 opinions
- In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
- Malone v. BrincatSupreme Court of Delaware · 1998
- Kramer v. Western Pacific Industries, Inc.Supreme Court of Delaware · 1988
- Moran v. Household International, Inc.Supreme Court of Delaware · 1985
- In Re Tri-Star Pictures, Inc., LitigationSupreme Court of Delaware · 1993
5 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Quadrant Structured Products Company, Ltd. v. VertinCourt of Chancery of Delaware · 2014
- In Re JP Morgan Chase & Co.Supreme Court of Delaware · 2006
- In Re Transkaryotic Therapies, Inc.Court of Chancery of Delaware · 2008
- BVF Partners L.P. v. New Orleans Employees' Retirement SystemSupreme Court of Delaware · 2012
- In Re Philadelphia Stock Exchange, Inc.Supreme Court of Delaware · 2008
18 more not listed; retrieve them via the Exa API.