Legal Opinion

Abbey v. Computer & Communications Technology Corp.

Court of Chancery of Delaware

Decided January 17, 1983PublishedCited by 27 opinions

1Opinion of the Court

BROWN, Chancellor.

This action was filed derivatively pursuant to Chancery Rule 23.1 on behalf of the defendant Computer & Communications Technology Corp., a Delaware corporation (hereafter “CCTC”). Plaintiff is a shareholder of that corporation. On behalf of the corporation she seeks to recover against the individual defendants for illegal profits allegedly realized by them as a result of trading in the stock of the corporation based upon inside information. The named individual defendants are Everett T. Bahre, the President and director of CCTC; Robert J. Leaver, Vice President and General…

2Cases cited8 opinions

  1. Hawes v. OaklandSupreme Court of the United States · 1882
  2. Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
  3. Shlensky v. DorseyCourt of Appeals for the Third Circuit · 1978
  4. Mollie Nussbacher v. Continental Illinois National Bank and Trust Company of ChicagoCourt of Appeals for the Seventh Circuit · 1975
  5. Weiss v. Temporary Investment Fund, Inc.District Court, D. Delaware · 1981

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3Cited by27 opinions

  1. Levine v. SmithSupreme Court of Delaware · 1991
  2. Spiegel v. BuntrockSupreme Court of Delaware · 1990
  3. Allison Ex Rel. General Motors Corp. v. General Motors Corp.District Court, D. Delaware · 1985
  4. Seminaris v. LandaCourt of Chancery of Delaware · 1995
  5. Rich ex rel. Fuqi International, Inc. v. Yu Kwai ChongCourt of Chancery of Delaware · 2013

22 more not listed; retrieve them via the Exa API.

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