Legal Opinion
Ryan v. Tad's Enterprises, Inc.
Court of Chancery of Delaware
Decided April 24, 1996No. Civil Action 10229, 11977PublishedCited by 31 opinions
1Opinion of the Court
JACOBS, Vice Chancellor.
This Opinion decides the merits of two consolidated lawsuits: a statutory appraisal (Civil Action No. 10229) and an individual action claiming breach of fiduciary duties by the board of directors of Tad’s Enterprises, Inc. (“Tad’s”) (CM Action No. 11977). On May 4, 1988, Tad’s sold its restaurant business to the Riese organization (the “Asset Sale”). On May 5, 1988, the following day, Tad’s effected a cash-out going-private merger into Tad’s Interim Co. (“Newco”), a vehicle formed to carry out that transaction (the “Merger”). Newco was owned by two of Tad’s three…
2Cases cited12 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- Myzel v. FieldsCourt of Appeals for the Eighth Circuit · 1967
- Kahn v. Lynch Communication Systems, Inc.Supreme Court of Delaware · 1994
- Cinerama, Inc. v. Technicolor, Inc.Supreme Court of Delaware · 1995
7 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- M.G. Bancorporation, Inc. v. Le BeauSupreme Court of Delaware · 1999
- Gotham Partners, L.P. v. Hallwood Realty Partners, L.P.Supreme Court of Delaware · 2002
- Americas Mining Corp. v. TheriaultSupreme Court of Delaware · 2012
- In re Southern Peru Copper Corp. Shareholder Derivative LitigationCourt of Chancery of Delaware · 2011
- In Re Transkaryotic Therapies, Inc.Court of Chancery of Delaware · 2008
26 more not listed; retrieve them via the Exa API.