Legal Opinion
Sinclair Oil Corporation v. Levien
Supreme Court of Delaware
Decided June 18, 1971PublishedCited by 230 opinions
1Opinion of the Court
WOLCOTT, Chief Justice.
This is an appeal by the defendant, Sinclair Oil Corporation (hereafter Sinclair), from an order of the Court of Chancery, 261 A.2d 911 in a derivative action requiring Sinclair to account for damages sustained by its subsidiary, Sinclair Venezuelan Oil Company (hereafter Sin-ven), organized by Sinclair for the purpose of operating in Venezuela, as a result of dividends paid by Sinven, the denial to Sinven of industrial development, and a breach of contract between Sinclair’s wholly-owned subsidiary, Sinclair International Oil Company, and Sinven.
Sinclair, operating…
2Cases cited15 opinions
- Guth v. Loft, Inc.Supreme Court of Delaware · 1939
- Sterling v. Mayflower Hotel Corp.Supreme Court of Delaware · 1952
- David J. Greene & Co. v. Dunhill International, Inc.Court of Chancery of Delaware · 1968
- First State Bank v. Metropolitan Casualty Insurance Co. of New YorkTexas Supreme Court · 1935
- Getty Oil Company v. Skelly Oil CompanySupreme Court of Delaware · 1970
10 more not listed; retrieve them via the Exa API.
3Cited by230 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- In Re Walt Disney Co. Derivative LitigationSupreme Court of Delaware · 2006
- Smith v. Van GorkomSupreme Court of Delaware · 1985
225 more not listed; retrieve them via the Exa API.