Legal Opinion
Langfelder v. Universal Laboratories, Inc.
District Court, D. Delaware
Decided November 20, 1946No. Civil Action 521PublishedCited by 15 opinions
1Opinion of the Court
LEAHY, District Judge.
The merger is valid and, as all questions as to its essential fairness have been resolved by the Delaware Court of Chancery, plaintiffs cannot attack the mer-, ger itself. See Porges v. Vadsco Sales Corporation, Del. Ch., 32 A.2d 148. The issue, then, is the narrow one as to whetner a valid merger under Sec. 59 of the Delaware Corporation Law, Rev.Code 1935, § 2091, 44 Del.Laws, c. 125, p. 425, § 5, operates to disturb what plaintiffs call “a contract right” or “a chose in action.” The plaintiffs’ main contention is that they have a matured right to recover 110% of the…
2Cases cited11 opinions
- Federal United Corp. v. HavenderSupreme Court of Delaware · 1940
- Keller v. Wilson Co. Inc.Supreme Court of Delaware · 1936
- Penington v. Commonwealth Hotel Construction Corp.Court of Chancery of Delaware · 1931
- Langfelder v. Universal Laboratories, Inc.New York Court of Appeals · 1944
- Frank v. Wilson & Co.Supreme Court of Delaware · 1943
6 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Rothschild International Corp. v. Liggett Group Inc.Supreme Court of Delaware · 1984
- Applebaum v. Avaya, Inc.Supreme Court of Delaware · 2002
- Hariton v. Arco Electronics, Inc.Supreme Court of Delaware · 1963
- Lillian S. Rauch v. Rca Corporation, General Electric Company and Gesub, Inc., DefendantsCourt of Appeals for the Second Circuit · 1988
- Hariton v. Arco Electronics, Inc.Court of Chancery of Delaware · 1963
10 more not listed; retrieve them via the Exa API.