Legal Opinion
Smith v. Van Gorkom
Supreme Court of Delaware
Decided March 14, 1985PublishedCited by 309 opinions
1Opinion of the CourtHorsey, Justice
(for the majority):
This appeal from the Court of Chancery involves a class action brought by shareholders of the defendant Trans Union Corporation (“Trans Union” or “the Company”), originally seeking rescission of a cash-out merger of Trans Union into the defendant New T Company (“New T”), a wholly-owned subsidiary of the defendant, Marmon Group, Inc. (“Marmon”). Alternate relief in the form of damages is sought against the defendant members of the Board of Directors of Trans Union, *869New T, and Jay A. Pritzker and Robert A. Pritzker, owners of Mamón.1
Following trial, the former Chancellor…
2Cases cited33 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Interstate Circuit, Inc. v. United StatesSupreme Court of the United States · 1939
- Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
- Levitt v. BouvierSupreme Court of Delaware · 1972
- Donovan v. CunninghamCourt of Appeals for the Fifth Circuit · 1983
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3Cited by309 opinions
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
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