Legal Opinion
Marciano v. Nakash
Supreme Court of Delaware
Decided December 23, 1987PublishedCited by 29 opinions
1Opinion of the Court
WALSH, Justice.
This is an appeal from a decision of the Court of Chancery which validated a claim in liquidation of Gasoline, Ltd. (“Gasoline”), a Delaware corporation, placed in custodial status pursuant to 8 Del.C. § 226 by reason of a deadlock among its board of directors. Fifty percent of Gasoline is owned by Ari, Joe, and Ralph Nakash (the “Na-kashes”) and fifty percent by Georges, Maurice, Armand and Paul Marciano (the “Marcianos”). The Vice Chancellor ruled that $2.5 million in loans made by the Na-kashes faction to Gasoline were valid and enforceable debts of the corporation,…
2Cases cited17 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Guth v. Loft, Inc.Supreme Court of Delaware · 1939
- Levitt v. BouvierSupreme Court of Delaware · 1972
- Keenan v. EshlemanSupreme Court of Delaware · 1938
- Kerbs v. California Eastern Airways, Inc.Supreme Court of Delaware · 1952
12 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- Mills Acquisition Co. v. MacMillan, Inc.Supreme Court of Delaware · 1989
- Williams v. GeierSupreme Court of Delaware · 1996
- Corwin v. KKR Financial Holdings LLCSupreme Court of Delaware · 2015
- Nixon v. BlackwellSupreme Court of Delaware · 1993
24 more not listed; retrieve them via the Exa API.