Legal Opinion
Bennett v. Propp
Court of Chancery of Delaware
Decided December 28, 1962PublishedCited by 32 opinions
1Opinion of the Court
Southerland, Chief Justice:
Certain of the directors of Noma Lites, Inc., appeal from an order of the Vice Chancellor directing them to account to Noma for damages claimed to have been suffered by it by reason of the purchase by Noma of a large block of its common stock.
The facts are these:
Noma, a Delaware corporation, is engaged in the business of selling decorative lighting equipment. It was founded in 1953 as a result of a “spin-off” from Noma Electric Corporation. Mr. Henri Sadacca, who had been the principal executive of Noma Electric, became the principal executive of Noma. At the times…
2Cases cited10 opinions
- Blish v. Thompson Automatic Arms Corp.Supreme Court of Delaware · 1948
- Kors v. CareyCourt of Chancery of Delaware · 1960
- Martin v. American Potash & Chemical Corp.Supreme Court of Delaware · 1952
- Davis v. Louisville Gas & Electric Co.Court of Chancery of Delaware · 1928
- Davis v. Louisville Gas Electric Co.Court of Chancery of Delaware · 1928
5 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Hanson Trust PLC v. ML SCM Acquisition Inc.Court of Appeals for the Second Circuit · 1986
- Johnson v. TruebloodCourt of Appeals for the Third Circuit · 1980
- Norlin Corp. v. Rooney, Pace Inc.Court of Appeals for the Second Circuit · 1984
- International Insurance Co., a Corporation v. Alfred M. Johns, James W. McFadden Thomas v. Ogletree, Richard W. Sherman, and G. Paul WhortonCourt of Appeals for the Eleventh Circuit · 1989
- Dudley Warren Schilling, Cross v. J. A. Belcher, Sr., Cross Dudley Warren Schilling v. J. A. Belcher, Sr.Court of Appeals for the Fifth Circuit · 1978
27 more not listed; retrieve them via the Exa API.