Legal Opinion
Big Lots Stores, Inc. v. Bain Capital Fund VII, LLC
Court of Chancery of Delaware
Decided March 28, 2006No. C.A. 1081-NPublishedCited by 19 opinions
1Opinion of the Court
OPINION AND ORDER
LAMB, Vice Chancellor.
In December 2000, in a sponsored management buyout transaction, a corporation sold a subsidiary business that operated a chain of toy stores. It received in exchange $257.1 million in cash and a deeply subordinated $45 million pay-in-kind note due in 2010. In 2002, the new owners refinanced the business and distributed approximately $120 million to the buyout sponsor, certain of its affiliates, two officers and directors of the subsidiary who invested in the buyout, and others. In 2004, the toy business filed a bankruptcy petition under Chapter 11 of the…
2Cases cited23 opinions
- Tooley v. Donaldson, Lufkin, & Jenrette, Inc.Supreme Court of Delaware · 2004
- Grobow v. PerotSupreme Court of Delaware · 1988
- Grimes v. DonaldSupreme Court of Delaware · 1996
- Production Resources Group, L.L.C. v. NCT Group, Inc.Court of Chancery of Delaware · 2004
- MFS/Sun Life Trust-High Yield Series v. Van Dusen Airport Services. Co.District Court, S.D. New York · 1995
18 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Eurofins Pharma US Holdings v. BioAlliance Pharma SACourt of Appeals for the Third Circuit · 2010
- North American Catholic Educational Programming Foundation, Inc. v. GheewallaSupreme Court of Delaware · 2007
- Stephenson v. Citco Group Ltd.District Court, S.D. New York · 2010
- Quadrant Structured Products Company, Ltd. v. VertinCourt of Chancery of Delaware · 2015
- San Diego County Employees Retirement Ass'n v. MaounisDistrict Court, S.D. New York · 2010
14 more not listed; retrieve them via the Exa API.