Legal Opinion
Prezant v. De Angelis
Supreme Court of Delaware
Decided February 3, 1994PublishedCited by 39 opinions
1Opinion of the Court
WALSH, Justice:
This is an appeal from a Court of Chancery approval of a class action settlement. The court approved the settlement as being fair, reasonable and adequate and in the best interests of the class, over the objection of appellants. However, the court did not determine that the named plaintiff was an adequate representative of the class. Because adequacy of a class representative is a requirement of Court of Chancery Rule 23 and is constitutionally mandated, a determination to that effect is essential to court approval of a class action settlement. Accordingly, without reaching the…
2Cases cited21 opinions
- General Telephone Co. of Southwest v. FalconSupreme Court of the United States · 1982
- Phillips Petroleum Co. v. ShuttsSupreme Court of the United States · 1985
- Hansberry v. LeeSupreme Court of the United States · 1940
- Fed. Sec. L. Rep. P 98,755, Fed. Sec. L. Rep. P 99,074 William B. Weinberger v. James C. Kendrick, Charles M. CoyneCourt of Appeals for the Second Circuit · 1983
- Pedro Gonzales v. Clifton W. Cassidy, Jr., John Richard Hayes, Iii, Plaintiffs-Intervenors-AppellantsCourt of Appeals for the Fifth Circuit · 1973
16 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- Matsushita Electric Industrial Co. v. EpsteinSupreme Court of the United States · 1996
- South ex rel. Hecla Mining Co. v. BakerCourt of Chancery of Delaware · 2012
- Goodrich v. E.F. Hutton Group, Inc.Supreme Court of Delaware · 1996
- Pyott v. Louisiana Municipal Police Employees' Retirement SystemSupreme Court of Delaware · 2013
- Alabama By-Products Corp. v. Cede & Co. Ex Rel. Shearson Lehman Bros.Supreme Court of Delaware · 1995
34 more not listed; retrieve them via the Exa API.