Legal Opinion
Katz v. Chevron Corp.
California Court of Appeal
Decided January 14, 1994No. A058157PublishedCited by 27 opinions
1Opinion of the Court
Opinion
Corporation to challenge certain decisions made by the board of directors in response to the acquisition of approximately 8.8 percent of Chevron’s common stock by the Pennzoil Company. The trial court found the directors’ decisions protected by the business judgment rule and granted summary judgment in favor of Chevron. The shareholders appeal. We affirm the judgment.
Statement of the Case and Facts
In early 1989, following a period in which Chevron Corporation’s annual shareholder return was somewhat lower than that of other major oil companies, Chevron began to develop a five-year plan…
2Cases cited24 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Aronson v. LewisSupreme Court of Delaware · 1984
- Smith v. Van GorkomSupreme Court of Delaware · 1985
- Unocal Corp. v. Mesa Petroleum Co.Supreme Court of Delaware · 1985
19 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Lamden v. La Jolla Shores Clubdominium Homeowners Ass'nCalifornia Supreme Court · 1999
- Berg & Berg Enterprises, LLC v. BoyleCalifornia Court of Appeal · 2009
- Woo Chul Lee v. Interinsurance Exchange of Automobile ClubCalifornia Court of Appeal · 1996
- Swat-Fame, Inc. v. GoldsteinCalifornia Court of Appeal · 2002
- Herberg v. California Institute of the ArtsCalifornia Court of Appeal · 2002
22 more not listed; retrieve them via the Exa API.