Legal Opinion

Litman v. Prudential-Bache Properties, Inc.

Court of Chancery of Delaware

Decided February 13, 1992No. Civ. A. 12137PublishedCited by 48 opinions

1Opinion of the Court

OPINION

CHANDLER, Vice Chancellor.

Plaintiffs, Doris Litman, Sydney Litman, David Zelitch and Lillian Zelitch, have instituted this proceeding as a class action lawsuit against defendants for breaches of their fiduciary duties. Plaintiffs have named Prudential-Bache Properties, Inc. (“Pru-Bache Properties”), Related Tax Exempt Bond Associates, Inc. (“Bond Associates”) and Bache Group, Inc. and its successor Prudential Securities Group, Inc. (“Bache Group”) as defendants.

At this juncture, defendants have moved to dismiss plaintiffs’ claim. This is my decision on the motion. Part I of my decision…

2Cases cited18 opinions

  1. Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
  2. Grobow v. PerotSupreme Court of Delaware · 1988
  3. Tucker Anthony Realty Corp. v. SchlesingerCourt of Appeals for the Second Circuit · 1989
  4. Kramer v. Western Pacific Industries, Inc.Supreme Court of Delaware · 1988
  5. Moran v. Household International, Inc.Supreme Court of Delaware · 1985

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

3Cited by48 opinions

  1. Elf Atochem North America, Inc. v. JaffariSupreme Court of Delaware · 1999
  2. Goldin v. Primavera Familienstiftung, Tag Associates, Ltd. (In Re Granite Partners, L.P.)United States Bankruptcy Court, S.D. New York · 1996
  3. Energy Investors Fund, L.P. v. Metric Constructors, Inc.Supreme Court of North Carolina · 2000
  4. Lenz v. Associated Inns & Restaurants Co. of AmericaDistrict Court, S.D. New York · 1993
  5. Anglo American Security Fund, L.P. v. S.R. Global International Fund, L.P.Court of Chancery of Delaware · 2003

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

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