Legal Opinion

Brambles USA, Inc. v. Blocker

District Court, D. Delaware

Decided February 16, 1990No. Civ. A. 89-681 LONPublishedCited by 10 opinions

1Opinion of the Court

OPINION

LONGOBARDI, Chief Judge.

The Plaintiff Brambles USA, Inc. (“Brambles”) commenced this derivative action on behalf of Environmental Systems Company (“Ensco”) against the Ensco directors and the shareholders of Exceltech, Inc. (“Exceltech”) for violations of Section 12(2) of the Securities Act of 1933, 15 U.S.C. § 77l (2), Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and Rule 10b-5 promulgated thereunder, 17 C.F.R. § 240.10b-5 and Section 29(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78cc(b), as well as state law fraud and breach of fiduciary duty…

2Cases cited13 opinions

  1. Arthur Quiller, Lillie Mae Quiller, and All Other Persons Similarly Situated v. Barclays American/credit, Inc.Court of Appeals for the Eleventh Circuit · 1984
  2. Arthur Quiller, Lillie Mae Quiller, and All Other Persons Similarly Situated v. Barclays American/credit, Inc.Court of Appeals for the Eleventh Circuit · 1985
  3. Elster v. American AirlinesCourt of Chancery of Delaware · 1953
  4. Heit v. Tenneco, Inc.District Court, D. Delaware · 1970
  5. Schreiber v. BryanCourt of Chancery of Delaware · 1978

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3Cited by10 opinions

  1. Brambles USA, Inc. v. BlockerDistrict Court, D. Delaware · 1990
  2. Alfred Blasband v. Steven M. Rales Mitchell P. Rales John Doe 1-10 Danaher Corporation, Alfred Blasband, Derivatively on Behalf of Danaher CorporationCourt of Appeals for the Third Circuit · 1992
  3. Fujimoto v. AuHawaii Supreme Court · 2001
  4. Aurora Credit Services, Inc. v. Liberty West Development, Inc.Utah Supreme Court · 1998
  5. SC Note Acquisitions, LLC v. Wells Fargo Bank, N.A.District Court, E.D. New York · 2013

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