Legal Opinion
Comrie v. Enterasys Networks, Inc.
Court of Chancery of Delaware
Decided September 4, 2003No. C.A. 19254PublishedCited by 46 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
I
Near the height of the recent Internet/IPO market bubble, the plaintiffs sold their business in exchange for a combination of cash and options to purchase stock in a corporation that the defendants planned to take public through an IPO at a price significantly greater than the strike price of those options. The implied “in the money” value of those options (measured against the anticipated IPO price) clearly represented a portion of the purchase price for the sale. To protect the plaintiffs, in the event the defendants decided not to go forward with an IPO…
2Cases cited14 opinions
- Rhone-Poulenc Basic Chemicals Co. v. American Motorists Insurance Co.Supreme Court of Delaware · 1992
- Eagle Industries, Inc. v. DeVilbiss Health Care, Inc.Supreme Court of Delaware · 1997
- Duncan v. Theratx, Inc.Supreme Court of Delaware · 2001
- Jones v. LangSupreme Court of Delaware · 1991
- American General Corp. v. Continental Airlines Corp.Court of Chancery of Delaware · 1992
9 more not listed; retrieve them via the Exa API.
3Cited by46 opinions
- United Rentals, Inc. v. RAM Holdings, Inc.Court of Chancery of Delaware · 2007
- Interim Healthcare, Inc. v. Spherion Corp.Superior Court of Delaware · 2005
- SIGA Technologies, Inc. v. Pharmathene, Inc.Supreme Court of Delaware · 2015
- Minnick v. CLEARWIRE US, LLCDistrict Court, W.D. Washington · 2010
- Brandt v. nVidia Corp. (In Re 3dfx Interactive, Inc.)United States Bankruptcy Court, N.D. California · 2008
41 more not listed; retrieve them via the Exa API.