Legal Opinion
Young v. Colgate-Palmolive Co.
Court of Appeals for the Seventh Circuit
Decided May 2, 1986No. 85-1442PublishedCited by 47 opinions
1Opinion of the Court
FAIRCHILD, Senior Circuit Judge.
Plaintiff shareholder filed this derivative action against the Colgate-Palmolive Company as the nominal defendant, and against the members of Colgate’s board of directors. The complaint alleges that the directors breached their fiduciary duty to the corporation by adopting a “poison pill,” or anti-takeover plan. On behalf of Colgate, plaintiff seeks a declaratory judgment that the plan and its adoption are invalid and unlawful; a temporary and permanent injunction against the plan’s application; costs; and attorneys’ fees. The corporation has been properly…
2Cases cited40 opinions
- International Shoe Co. v. WashingtonSupreme Court of the United States · 1945
- Burger King Corp. v. RudzewiczSupreme Court of the United States · 1985
- World-Wide Volkswagen Corp. v. WoodsonSupreme Court of the United States · 1980
- Hanson v. DencklaSupreme Court of the United States · 1958
- Helicopteros Nacionales De Colombia, S. A. v. HallSupreme Court of the United States · 1984
35 more not listed; retrieve them via the Exa API.
3Cited by47 opinions
- Phillips Exeter Academy v. Howard Phillips Fund, Inc.Court of Appeals for the First Circuit · 1999
- Colleen A. Cote v. Peter J. Wadel and Wadel & Bulger, P.C.Court of Appeals for the Seventh Circuit · 1986
- Fmc Corporation, Cross-Appellant v. Victoria Varonos, Cross-Appellee v. Continental Illinois National Bank, Garnishee-AppelleeCourt of Appeals for the Seventh Circuit · 1990
- Scott Turnock v. Arthur Cope, James Jones and George AuchterloineCourt of Appeals for the Seventh Circuit · 1987
- Heritage House Restaurants, Inc., Heritage House Smorgasbord of Oklahoma City, and Heritage House of Indianapolis v. Continental Funding Group, Inc.Court of Appeals for the Seventh Circuit · 1990
42 more not listed; retrieve them via the Exa API.