Legal Opinion
In Re Staples, Inc. Shareholders Litigation
Court of Chancery of Delaware
Decided June 5, 2001No. Civ. A. 18784PublishedCited by 26 opinions
1Opinion of the Court
OPINION
STRINE, Vice Chancellor.
In this opinion, the court considers a motion to enjoin a June 11, 2001 vote on a reclassification of the common stock of Staples, Inc. (the “Reclassification”). By the vote, the Staples board hopes to eliminate the company’s tracking common stock, which tracks the performance of the company’s e-commerce operations, Staples.com. The Reclassification involves the exchange of Staples.com stock for shares of the company’s traditional common stock, so-called “Staples RD” shares. The Staples.com shares are being valued at $7 per share in the Reclassification. The…
2Cases cited9 opinions
- Malone v. BrincatSupreme Court of Delaware · 1998
- Arnold v. Society for Savings Bancorp, Inc.Supreme Court of Delaware · 1994
- Gilbert v. El Paso Co.Supreme Court of Delaware · 1990
- McMullin v. BeranSupreme Court of Delaware · 2000
- Solomon v. ArmstrongCourt of Chancery of Delaware · 1999
4 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Gantler v. StephensSupreme Court of Delaware · 2009
- In re Trados Inc. Shareholder LitigationCourt of Chancery of Delaware · 2013
- In re Orchard Enterprises, Inc.Court of Chancery of Delaware · 2014
- In re Pure Resources, Inc., Shareholders LitigationCourt of Chancery of Delaware · 2002
- In Re Netsmart Technologies, Inc. Shareholders LitigationCourt of Chancery of Delaware · 2007
21 more not listed; retrieve them via the Exa API.