Legal Opinion
Paramount Communications, Inc. v. Time Inc.
Supreme Court of Delaware
Decided March 9, 1990PublishedCited by 95 opinions
1Opinion of the Court
HORSEY, Justice:
Paramount Communications, Inc. (“Paramount”) and two other groups of plain tiffs 1 (“Shareholder Plaintiffs”), shareholders of Time Incorporated (“Time”), a Delaware corporation, separately filed suits in the Delaware Court of Chancery seeking a preliminary injunction to halt Time’s tender offer for 51% of Warner Communication, Inc.’s (“Warner”) outstanding shares at $70 cash per share. The court below consolidated the cases and, following the development of an extensive record, after discovery and an evidentiary hearing, denied plaintiffs’ motion. In a 50-page unreported…
2Cases cited15 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Smith v. Van GorkomSupreme Court of Delaware · 1985
- Unocal Corp. v. Mesa Petroleum Co.Supreme Court of Delaware · 1985
- Mills Acquisition Co. v. MacMillan, Inc.Supreme Court of Delaware · 1989
10 more not listed; retrieve them via the Exa API.
3Cited by95 opinions
- Kramer v. Time Warner IncCourt of Appeals for the Second Circuit · 1991
- Kramer v. Time Warner Inc.Court of Appeals for the Second Circuit · 1991
- In Re Time Warner Inc. Securities LitigationCourt of Appeals for the Second Circuit · 1993
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- In Re Santa Fe Pacific Corp. Shareholder LitigationSupreme Court of Delaware · 1995
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