Legal Opinion
Thoughtworks, Inc. v. SV Investment Partners, LLC
Court of Chancery of Delaware
Decided June 30, 2006No. C.A. No. 1695-NPublishedCited by 5 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
A minority investor seeks to redeem its preferred stock pursuant to the company’s certificate of incorporation. The company brings this action seeking a declaratory judgment that the charter allows it to postpone its redemption obligation indefinitely until the board determines it has excess funds beyond those needed for working capital purposes. In addition, the company asks this court to declare that the *747charter does not require the board to obtain the consent of the minority investor before it can increase its bank line of credit. The court, after trial,…
2Cases cited5 opinions
- Eagle Industries, Inc. v. DeVilbiss Health Care, Inc.Supreme Court of Delaware · 1997
- Capital Management Co. v. BrownSupreme Court of Delaware · 2002
- Harrah's Entertainment, Inc. v. JCC Holding Co.Court of Chancery of Delaware · 2002
- Peden v. GraySupreme Court of Delaware · 2005
- Halliburton Co. v. Highlands Insurance Group, Inc.Supreme Court of Delaware · 2002
3Cited by5 opinions
- SV Investment Partners, LLC v. Thoughtworks, Inc.Court of Chancery of Delaware · 2010
- SV Investment Partners, LLC v. ThoughtWorks, Inc.Supreme Court of Delaware · 2011
- Composecure, L.L.C. v. CardUX, LLCCourt of Chancery of Delaware · 2019
- Composecure, L.L.C. v. Cardux, LLC f/k/a Affluent Card, LLCSupreme Court of Delaware · 2019
- Level 4 Yoga, LLC v. CorePower Yoga, LLC and CorePower Yoga Franchising, LLCCourt of Chancery of Delaware · 2022