Legal Opinion

Armstrong v. Pomerance

Supreme Court of Delaware

Decided October 29, 1980PublishedCited by 45 opinions

1Opinion of the Court

McNEILLY, Justice:

This interlocutory appeal involves two consolidated derivative actions brought on behalf of the Morrison-Knudsen Company, Inc. (hereinafter the Company), asserting breach'of fiduciary duty by the named individual defendants in their capacities as directors of the Company. The suits allege misconduct in transactions involving the repurchase of Company stock from the Crane Company.

The Company is a Delaware corporation with its principal place of business in Boise, Idaho. The Company transacts no business in Delaware other than the minimum necessary to maintain its status as a…

2Cases cited15 opinions

  1. International Shoe Co. v. WashingtonSupreme Court of the United States · 1945
  2. Hanson v. DencklaSupreme Court of the United States · 1958
  3. McGee v. International Life InsuranceSupreme Court of the United States · 1957
  4. Cort v. AshSupreme Court of the United States · 1975
  5. Shaffer v. HeitnerSupreme Court of the United States · 1977

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3Cited by45 opinions

  1. Eurofins Pharma US Holdings v. BioAlliance Pharma SACourt of Appeals for the Third Circuit · 2010
  2. Istituto Bancario Italiano SpA v. Hunter Engineering Co.Supreme Court of Delaware · 1982
  3. Sternberg v. O'NEILSupreme Court of Delaware · 1988
  4. Doe v. ThompsonSupreme Court of Florida · 1993
  5. In Re USACafes, L.P. LitigationCourt of Chancery of Delaware · 1991

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