Legal Opinion
Irwin & Leighton, Inc. v. W.M. Anderson Co.
Court of Chancery of Delaware
Decided September 29, 1987No. Civ. A. 6628PublishedCited by 87 opinions
1Opinion of the Court
OPINION
ALLEN, Chancellor.
This long-pending case raises the question whether a creditor who involved itself in the management of its troubled debtor is to be held answerable for a liability of that debtor to a third person arising from a breach of contract. A number of theories are advanced in order to extend liability to this creditor: that it controlled the contracting party and, in the circumstances, should be deemed its alter ego; that it wrongfully interfered with the debtor completing its contractual obligations; and that it participated in the violation of a Delaware statute, the…
2Cases cited29 opinions
- Moore v. SizemoreSupreme Court of Delaware · 1979
- Krivo Industrial Supply Company and Morgan Precision Parts, Inc. v. National Distillers and Chemical CorporationCourt of Appeals for the Fifth Circuit · 1973
- Gilbert v. El Paso Co.Court of Chancery of Delaware · 1984
- Pauley Petroleum Inc. v. Continental Oil CompanySupreme Court of Delaware · 1968
- Tanzer v. International General Industries, Inc.Court of Chancery of Delaware · 1979
24 more not listed; retrieve them via the Exa API.
3Cited by87 opinions
- NetJets Aviation, Inc. v. LHC COMMUNICATIONS, LLCCourt of Appeals for the Second Circuit · 2008
- Anderson v. Wachovia Mortgage Corp.Court of Appeals for the Third Circuit · 2010
- Arnold v. Society for Savings Bancorp, Inc.Supreme Court of Delaware · 1994
- Aeroglobal Capital Management, LLC v. Cirrus Industries, Inc.Supreme Court of Delaware · 2005
- ASDI, INC. v. Beard Research, Inc.Supreme Court of Delaware · 2010
82 more not listed; retrieve them via the Exa API.