Legal Opinion
Telxon Corporation v. Meyerson
Supreme Court of Delaware
Decided June 7, 2002No. 328, 2001PublishedCited by 132 opinions
1Opinion of the Court
WALSH, Justice:
In this appeal, we consider the propriety of the Court of Chancery’s decision to grant summary judgment in a derivative action subsequently pursued by a successor corporate entity against its former directors. The complaint, originally asserted as a stockholders’ derivative action, challenged the level of compensation that Directors had been receiving as well as Directors’ decision for the corporation to acquire a minority interest, and later 100%, of a company owned by the corporation’s then-Board Chairman. Following cross-motions for summary judgment, the Court of Chancery…
2Cases cited19 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Aronson v. LewisSupreme Court of Delaware · 1984
- Guth v. Loft, Inc.Supreme Court of Delaware · 1939
- Orman v. CullmanCourt of Chancery of Delaware · 2002
- Kennedy v. Silas Mason Co.Supreme Court of the United States · 1948
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3Cited by132 opinions
- Aeroglobal Capital Management, LLC v. Cirrus Industries, Inc.Supreme Court of Delaware · 2005
- In Re Tyson Foods, Inc. Consolidated Shareholder LitigationCourt of Chancery of Delaware · 2007
- In re Orchard Enterprises, Inc.Court of Chancery of Delaware · 2014
- In Re infoUSA, Inc. Shareholders LitigationCourt of Chancery of Delaware · 2007
- In re MFW Shareholders LitigationCourt of Chancery of Delaware · 2013
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