Legal Opinion
Telxon Corp. v. Bogomolny
Court of Chancery of Delaware
Decided November 1, 2001No. C.A. 17706PublishedCited by 16 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
I
This action was filed as a derivative action on behalf of Telxon Corporation challenging an April 1996 stock option agreement between Telxon and its then board chairman, Robert F. Meyerson (the “Derivative Complaint”). The option agreement gave Meyerson the right to acquire 10% of the fully diluted equity of a valuable wholly owned subsidiary of Telx-on and required Telxon to finance Meyer- son’s exercise of that option on a non-recourse basis. The Derivative Complaint named as defendants Meyerson and six others who were members of Telxon’s board of directors…
2Cases cited16 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
- Grobow v. PerotSupreme Court of Delaware · 1988
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3Cited by16 opinions
- Bridgeport Holdings Inc. v. Boyer (In Re Bridgeport Holdings Inc.)United States Bankruptcy Court, D. Delaware · 2008
- Alberts v. Tuft (In Re Greater Southeast Community Hospital Corp.)District Court, District of Columbia · 2005
- In Re Brocade Communications Systems, Inc. Derivative LitigationDistrict Court, N.D. California · 2009
- Continuing Creditors' Committee of Star Telecommunications Inc. v. EdgecombDistrict Court, D. Delaware · 2004
- Giuliano v. Schnabel (In re DSI Renal Holdings, LLC)United States Bankruptcy Court, D. Delaware · 2017
11 more not listed; retrieve them via the Exa API.