Full case includes Shepard's, Headnotes, Legal Analytics from Lex Machina, and more.
539 A.2d 180 *; 1988 Del. LEXIS 79 **; Fed. Sec. L. Rep. (CCH) P93,683
David Grobow, Shelly Kostrinsky, Joyce L. Thomas, Drexel Home, Inc., Adelle Brody, Jerrold Schaffer, Phyllis Greenfogel, Martin Besen, Joseph Lieberman, Blanche Silverberg, Irving Kas, Beatrice L. Russ and Bronson Murray, Plaintiffs Below, Appellants, v. H. Ross Perot, Roger B. Smith, F. James McDonald, Howard H. Kehrl, F. Alan Smith, Donald J. Atwood, Lloyd E. Reuss, Robert C. Stempel, Thomas A. Murphy, Anne L. Armstrong, Catherine B. Cleary, James H. Evans, Walter A. Fallon, Charles T. Fisher III, Marvin L. Goldberger, John J. Horan, Edmund T. Pratt, Jr., James D. Robinson III, John G. Smale, Leon H. Sullivan, Dennis Weatherstone, Thomas H. Wyman, Morton H. Meyerson, J. Thomas Walter, Jr., and William K. Gayden, Defendants Below, Appellees, and General Motors Corporation and Electronic Data Systems Corporation, Nominal Defendants Below, Appellees
Prior History: [**1] Court of Chancery of the State of Delaware in and for New Castle County.
repurchase, complaints, reasonable doubt, business judgment, plaintiffs', stock, excusal, business judgment rule, due care, particularity, allegations, futility, premium, terms, well-pleaded, disinterest, board of directors, entrenchment, contingent, judicial finding, presuit, outside director, negotiations, shareholder, criterion, financial interest, motion to dismiss, derivative, pleadings, buy
Business & Corporate Law, Standing, Demands, Futility, Civil Procedure, Appeals, Standards of Review, Reversible Errors, Directors & Officers, Management Duties & Liabilities, General Overview, Actions Against Corporations, Unincorporated Associations, Class Actions, Derivative Actions, Shareholder Actions, Judicial Officers, Judges, Discretionary Powers, Responses, Defenses, Demurrers & Objections, Motions to Dismiss, Abuse of Discretion, Fiduciary Duties, Business Judgment Rule, Causes of Action, Self-Dealing, Corporate Finance, Dividends & Reacquisition of Shares, Cancellation & Redemption