Turner v. Bernstein
Court of Chancery of Delaware
1Opinion of the Court
STRINE, Vice Chancellor.
This opinion resolves a hotly-contested motion for class certification in a case alleging that the former directors of Gen-Derm Corporation failed to disclose all the material facts necessary to permit the GenDerm stockholders to make an informed judgment whether to accept the consideration offered in a December 1997 merger with a wholly-owned subsidiary of Medicis Pharmaceutical Corporation (the “Merger”) or to seek appraisal.
I resolve the motion in favor of the plaintiffs. In so doing, I make three principal determinations.
First, I conclude that the class may be…
2Cases cited16 opinions
- American Pipe & Construction Co. v. UtahSupreme Court of the United States · 1974
- Phillips Petroleum Co. v. ShuttsSupreme Court of the United States · 1985
- Hansberry v. LeeSupreme Court of the United States · 1940
- Ortiz v. Fibreboard Corp.Supreme Court of the United States · 1999
- Reuben J. Katz, on Behalf of Himself and All Others Similarly Situated v. Carte Blanche CorporationCourt of Appeals for the Third Circuit · 1974
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