Legal Opinion

E.I. Du Pont De Nemours & Co. v. Hem Research, Inc.

Court of Chancery of Delaware

Decided November 6, 1989No. Civ. A. 10747PublishedCited by 8 opinions

1Opinion of the Court

OPINION

JACOBS, Vice Chancellor.

The plaintiff, E.I. duPont de Nemours and Company, a Delaware corporation (“DuPont”) has moved for a preliminary injunction restraining the defendant, HEM Research, Inc., a Maryland corporation (“HEM”), from paying a dividend, making other distributions, or otherwise dissipating its assets other than in the ordinary course of its business. This is the decision of the Court on that motion.

I

In this action, DuPont seeks to undo its shareholder and contractual relationship with HEM. HEM is a research corporation that owns certain rights with respect to Ampligen,…

2Cases cited8 opinions

  1. De Beers Consolidated Mines, Ltd. v. United StatesSupreme Court of the United States · 1945
  2. Ivanhoe Partners v. Newmont Mining Corp.Supreme Court of Delaware · 1987
  3. Shields v. ShieldsCourt of Chancery of Delaware · 1985
  4. DuPont Bayard v. MartinSupreme Court of Delaware · 1953
  5. Heilman v. Union Canal Co.Supreme Court of Pennsylvania · 1860

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3Cited by8 opinions

  1. Eagle Force Holdings, LLC v. CampbellSupreme Court of Delaware · 2018
  2. USH Ventures v. Global Telesystems Group, Inc.Superior Court of Delaware · 2000
  3. DE RIVER AND BAY AUTH. v. York Hunter Const., Inc.New Jersey Superior Court Appellate Division · 2001
  4. American Healthcare Administrative Services, Inc. v. AizenCourt of Chancery of Delaware · 2022
  5. American Healthcare Administrative Services, Inc. v. AizenCourt of Chancery of Delaware · 2022

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