Legal Opinion

Conrad v. Blank

Court of Chancery of Delaware

Decided September 7, 2007No. C.A. 2611-VCLPublishedCited by 29 opinions

1Opinion of the Court

OPINION

LAMB, Vice Chancellor.

This derivative action is brought in the right of a Delaware corporation that over the course of 10 years ending in 2003 issued to members of its senior management more than 7.5 million stock options that are alleged to have been illegally backdated. In November 2006, the company disclosed in its third quarter Form 10-Q the results of an internal review conducted by “the Company and its Audit Committee” of the company’s “historical stock option granting practices during the period from 1997 to the present.” According to the filing, that review uncovered…

2Cases cited12 opinions

  1. Aronson v. LewisSupreme Court of Delaware · 1984
  2. Brehm v. EisnerSupreme Court of Delaware · 2000
  3. Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
  4. Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
  5. Grobow v. PerotSupreme Court of Delaware · 1988

7 more not listed; retrieve them via the Exa API.

3Cited by29 opinions

  1. South ex rel. Hecla Mining Co. v. BakerCourt of Chancery of Delaware · 2012
  2. Teamsters Union 25 Health Services & Insurance Plan v. Gavin BaieraCourt of Chancery of Delaware · 2015
  3. Weiss v. SwansonCourt of Chancery of Delaware · 2008
  4. Johnston v. BoxMassachusetts Supreme Judicial Court · 2009
  5. Winters v. StembergDistrict Court, D. Massachusetts · 2008

24 more not listed; retrieve them via the Exa API.

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