Legal Opinion
Breech v. Hughes Tool Co.
Court of Chancery of Delaware
Decided February 25, 1963PublishedCited by 16 opinions
1Opinion of the Court
Southerland, Chief Justice:
In the court below Trans World Airlines (TWA) brought suit against Howard Hughes and against Hughes Tool Company (Toolco), the majority stockholder of TWA, seeking to recover damages for (1) alleged mismanagement of TWA while Hughes and Toolco were in control of TWA, and for (2) alleged harassment of TWA after the management of TWA had changed. This change of control followed upon the execution of a voting trust in respect of the TWA stock owned by Toolco.
Jurisdiction over Hughes was obtained by sequestering shares of his stock in Hughes Tool Company. See Hughes v.…
2Cases cited7 opinions
- International Shoe Co. v. WashingtonSupreme Court of the United States · 1945
- Rogers v. Guaranty Trust Co.Supreme Court of the United States · 1933
- Jellenik v. Huron Copper Mining Co.Supreme Court of the United States · 1900
- Severnoe Securities Corp. v. London & Lancashire InsuranceNew York Court of Appeals · 1931
- Blaustein v. Standard Oil Co.Supreme Court of Delaware · 1946
2 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Waggoner v. LasterSupreme Court of Delaware · 1990
- Jacobs v. TenneyDistrict Court, D. Delaware · 1970
- U. S. Industries, Inc. v. GreggDistrict Court, D. Delaware · 1972
- U. S. Industries, Inc., a Corporation, and Diversacon Industries, Inc., a Corporation v. F. Browne GreggCourt of Appeals for the Third Circuit · 1976
- Greyhound Corporation v. HeitnerSupreme Court of Delaware · 1976
11 more not listed; retrieve them via the Exa API.