[Download] "Rothschild International Corporation v." by Supreme Court of Delaware # Book PDF Kindle ePub Free

eBook details

Title: Rothschild International Corporation v.
Author : Supreme Court of Delaware
Release Date : January 20, 1984
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 62 KB

Description

This appeal is from a summary judgment Order of the Court of Chancery dismissing a purported class action filed by the owners of 7% cumulative preferred stock in Liggett Group, Inc. (Liggett), a Delaware corporation. The suit arises out of a combined tender offer and reverse cash-out merger whereby the interests of the 7% preferred shareholders were eliminated for a price of $70 per share, an amount $30 below the liquidation preference stated in Liggett's certificate of incorporation. Plaintiff-appellant asserts claims for breach of contract and breach of fiduciary duty based on the non-payment of the $30 premium. I