Legal Opinion
In re Trados Inc. Shareholder Litigation
Court of Chancery of Delaware
Decided August 16, 2013No. CIV.A. 1512-VCLPublishedCited by 136 opinions
1Opinion of the Court
OPINION
LASTER, Vice Chancellor.
TRADOS Inc. (“Trados” or the “Company”) obtained venture capital in 2000 to support a growth strategy that could lead to an initial public offering. The VC firms received preferred stock and placed representatives on the Trados board of directors (the “Board”). Afterwards, Trados increased revenue year-over-year but failed to satisfy its VC backers. In 2004, the VC directors began looking to exit. As part of that process, the Board adopted a management incentive plan (the “MIP”) that compensated management for achieving a sale even if the transaction yielded…
2Cases cited76 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
71 more not listed; retrieve them via the Exa API.
3Cited by136 opinions
- Leal v. MeeksSupreme Court of Delaware · 2015
- In re Orchard Enterprises, Inc.Court of Chancery of Delaware · 2014
- Burtch v. Opus, LLC (In re Opus East, LLC)United States Bankruptcy Court, D. Delaware · 2015
- Chen v. Howard-AndersonCourt of Chancery of Delaware · 2014
- In re Rural Metro Corp.Court of Chancery of Delaware · 2014
131 more not listed; retrieve them via the Exa API.