Legal Opinion
Sutherland v. Sutherland
Court of Chancery of Delaware
Decided May 5, 2008No. C.A. 2399-VCLPublishedCited by 16 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
This case concerns a derivative (and double derivative) complaint filed by a 25% stockholder of a closely held corporation with the support of her brother, who is also a 25% stockholder of the corporation. In response to the matters alleged in the complaint, the companies established a one-man Zapata special litigation committee to conduct an investigation. The committee has finished its investigation, memorialized its findings in a written report, and concluded that it is not in the best interests of the companies to pursue the litigation. Relying on the special…
2Cases cited9 opinions
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Beam Ex Rel. M. Stewart Living v. StewartSupreme Court of Delaware · 2004
- Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
- Grobow v. PerotSupreme Court of Delaware · 1988
- In Re ORACLE CORP DERIVATIVE LITIGATIONCourt of Chancery of Delaware · 2003
4 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Booth Family Trust v. JeffriesCourt of Appeals for the Sixth Circuit · 2011
- Day v. StascavageColorado Court of Appeals · 2010
- Katten Muchin Rosenman LLP v. SutherlandSupreme Court of Delaware · 2017
- Sarnacki v. GoldenCourt of Appeals for the First Circuit · 2015
- Sutherland v. SutherlandCourt of Chancery of Delaware · 2008
11 more not listed; retrieve them via the Exa API.