Legal Opinion
Loudon v. Archer-Daniels-Midland Co.
Supreme Court of Delaware
Decided September 18, 1997No. 88, 1996PublishedCited by 134 opinions
1Opinion of the Court
VEASEY, Chief Justice:
In this appeal we affirm the judgment of the Court of Chancery dismissing a complaint in a stockholder suit challenging the disclosures in a proxy statement for the 1995 annual meeting to elect directors. The terms of the directors elected at that meeting have come and gone, but the issues we address now relate to the availability of a damages remedy arising out of the allegedly defective proxy statement.
In agreeing with the Court of Chancery that this complaint does not state a claim upon which relief can be granted, we recognize that the Delaware law of the fiduciary…
2Cases cited26 opinions
- 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
- In Re Santa Fe Pacific Corp. Shareholder LitigationSupreme Court of Delaware · 1995
- Grobow v. PerotSupreme Court of Delaware · 1988
21 more not listed; retrieve them via the Exa API.
3Cited by134 opinions
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- In Re General Motors (Hughes) Shareholder LitigationSupreme Court of Delaware · 2006
- Emerald Partners v. BerlinSupreme Court of Delaware · 1999
- Orman v. CullmanCourt of Chancery of Delaware · 2002
129 more not listed; retrieve them via the Exa API.