Cheff v. mathes
WebSep 26, 2024 · Similarly, in Cheff v. Mathes, the Supreme Court held that Section 141(f) permitted directors to rely upon “direct investigation, receipt of professional advice, and personal observations” in ... WebBrief Fact Summary. Plaintiffs, Anne Mathis et al., brought a derivative suit against Defendant directors, P.T. Cheff et al., to recover losses that the company, Holland … Citation571 A.2d 1140, 565 A.2d 280 (Del. 1989) Brief Fact Summary. Plaintiffs, … CitationVGS, Inc. v. Castiel, 2003 Del. Ch. LEXIS 16, 2003 WL 723285 (Del. Ch. … CitationWeinberger v. Uop, 457 A.2d 701, 1983 Del. LEXIS 371 (Del. Feb. 1, 1983) …
Cheff v. mathes
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Cheff v. Mathes, 199 A.2d 548 (Del. 1964), was a case in which the Delaware Supreme Court first addressed the issue of director conflict of interest in a corporate change of control setting. This case is the predecessor to future seminal corporate law cases including: Unocal Corp. v. Mesa Petroleum Co., Revlon v. MacAndrews, and Paramount v. Time. WebMathes. Cheff v. Mathes. 41 Del.Ch. 494, 199 A.2d 588 (Del.Supr. 1964) Holland was a corporation that made furnaces. Their CEO, Cheff, met with a guy named Maremont …
WebPropp, Del.Supr., 187 A.2d 405, 409 (1962), and Cheff v. Mathes, Del.Supr., 199 A.2d 548 (1964)] was clearly unwarranted because it unjustifiably strikes at the very heart of corporate representation by causing a stockholder with an equitable right to a majority of corporate stock to have his right to a proportionate voice and influence in ... WebCheff v. Mathes , 199 A.2d 548 (Del. 1964), [1] was a case in which the Delaware Supreme Court first addressed the issue of director conflict of interest in a corporate change of …
WebDec 10, 1984 · Cheff v. Mathes, supra, at 555. Household is not required, however, to demonstrate the intrinsic fairness of the Plan. The Cheff standard requires the defendant directors to show that their adoption of the Plan was "reasonable at the time" (199 A.2d at 555). The burden thus placed may be viewed as the burden of going forward on a … WebBetween November 29, 1957 and January 10, 1958, Mrs. Cheff purchased 14,100 shares of Holland at prices ranging between $9 1/8 to $9 7/8. These latter defendants strongly urge that the record supports their contentions that the purchases of Holland stock which plaintiffs attack were made for valid reasons, citing Kors v.
WebCheff v. Mathes, 199 A.2d548 (Del. 1964),[1]was a casein which the Delaware Supreme Courtfirst addressed the issue of directorconflict of interest in a corporate change of … hayleys cafe hartleburyWebSep 1, 2024 · Good and Cheff v. Mathes [4] dealt with share repurchases and seem to me relatively easy, because no parties are discriminated against. The purported “greenmailers” consent to repurchase of their stock, and the target shareholders are presumably better off because, in the board’s judgment, long term share values are higher than the ... hayleys cake studioWebIn Cheff v. Mathes, 41 Del. Ch. 494, 504-05, 199 A.2d 548, 554-55 (Del. 1964), a case involving selective stock repurchase by the corporation (greenmail), the court placed the burden upon the defendant managers, but left open whether the same burden would apply to other kinds of tender offer defenses. ... hayleys cafe brightonWebCheff v. Mathes, 199 A.2d at 552. The court rejected plaintiff's contention that defendants had directed the purchase of Holland shares with corporate funds in order to perpetuate their control of the company, holding that the stock purchase was a legitimate response to "a reasonable threat to the continued existence of Holland, or at least ... bottle dividers for coolersWebFacts: Plaintiff shareholders filed a derivative suit against defendant corporate directors, alleging that purchases of company stock with corporate funds were made for the … hayleys carpetsWebCheff v. Mathes, 199 A.2d 548 ,[1] was a case in which the Delaware Supreme Court first addressed the issue of director conflict of interest in a corporate change of control setting. This case is the predecessor to future seminal corporate law cases including: Unocal Corp. v. Mesa Petroleum Co., Revlon v. MacAndrews, and Paramount v. Time. bottle divingWebCheff v. Mathes, 199 A.2d 548 (Del. 1964), was a case in which the Delaware Supreme Court first addressed the issue of director conflict of interest in a corporate change of control setting. This case is the predecessor to future seminal corporate law cases including: Unocal Corp. v. Mesa Petroleum Co., Revlon v. MacAndrews, and Paramount v. bottle diving chatham islands