Legal Opinion
Robinson v. Pittsburgh Oil Refining Corp.
Court of Chancery of Delaware
Decided April 2, 1924PublishedCited by 37 opinions
1Opinion of the Court
The Chancellor.
The bill complains because of an alleged disregard by the directors of the defendant corporation of the provisions of Section 64a of the General Corporation Law (29 Delaware Laws, c. 113, § 17), in that they have negotiated a sale of all the corporate assets upon terms and conditions that are inexpedient and not for the best interests of the corporation. In Allied Chemical & Dye Corporation v. Steel & Tube Co. of America, ante pp. 1,64, occasion was taken to discuss the principles of law applicable to that section in such cases as the instant one. Insofar as this court can…
2Cited by37 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Leal v. MeeksSupreme Court of Delaware · 2015
- Gimbel v. Signal Companies, Inc.Court of Chancery of Delaware · 1974
- Allison Ex Rel. General Motors Corp. v. General Motors Corp.District Court, D. Delaware · 1985
- Finch v. Warrior Cement Corp.Court of Chancery of Delaware · 1928
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