Legal Opinion
Biondi v. Scrushy
Court of Chancery of Delaware
Decided January 16, 2003No. Civ. A. 19896-NC, 19968-NCPublishedCited by 33 opinions
1Opinion of the Court
OPINION
STRINE, Vice Chancellor.
These derivative cases come before the court on a motion filed by the Special Litigation Committee (the “SLC”) of the board of directors of HealthSouth Corporation, a Delaware corporation headquartered in Birmingham, Alabama. 1 Distilled to their essence, the cases allege that certain directors of HealthSouth sold large blocks of the company’s stock while in possession of material non-public information. In one of the sales - a $25 million sale by HealthSouth’s Chairman and then-Chief Executive Officer, defendant Richard Scrushy - HealthSouth was the purchaser.…
2Cases cited15 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
- McWane Cast Iron Pipe Corp. v. McDowell-Wellman Engineering Co.Supreme Court of Delaware · 1970
- Sternberg v. O'NEILSupreme Court of Delaware · 1988
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3Cited by33 opinions
- In Re Citigroup Inc. Shareholder Derivative LitigationCourt of Chancery of Delaware · 2009
- Ryan v. GiffordCourt of Chancery of Delaware · 2007
- Beam Ex Rel. Martha Stewart Living Omnimedia, Inc. v. StewartCourt of Chancery of Delaware · 2003
- In Re ORACLE CORP DERIVATIVE LITIGATIONCourt of Chancery of Delaware · 2003
- Louisiana Municipal Police Employees' Retirement System v. PyottCourt of Chancery of Delaware · 2012
28 more not listed; retrieve them via the Exa API.