For Your Data Sinclair Crude Oil Corp. V. Levien Instance Brief
May 02, 2015
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Sinclair Oil Corp. v. Levien case brief summary
280 A.2d 717 (Del. 1971)
CASE FACTS
Plaintiff, stockholder of a subsidiary corporation, brought a derivative activity against the rear corporation for an accounting of excessive dividends too a breach of contract betwixt ii subsidiaries. The courtroom granted the gild to plaintiff.
DISCUSSION
CONCLUSION
The Supreme Court of Delaware reversed the gild every minute to dividends because the dividends were paid fairly to all stockholders, too it affirmed the gild every minute to breach of contract because the intrinsic fairness measure applies to dealings betwixt subsidiaries.
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280 A.2d 717 (Del. 1971)
CASE SYNOPSIS
Plaintiff, a stockholder inwards a subsidiary corporation owned past times defendant, obtained an gild inwards the Court of Chancery inwards too for New Castle County (Delaware) requiring accused to delineate of piece of job organization human relationship for excessive dividends too a breach of contract.CASE FACTS
Plaintiff, stockholder of a subsidiary corporation, brought a derivative activity against the rear corporation for an accounting of excessive dividends too a breach of contract betwixt ii subsidiaries. The courtroom granted the gild to plaintiff.
DISCUSSION
- The supreme courtroom reversed the gild every minute to dividends because the dividends were paid fairly to all stockholders, too it affirmed the gild every minute to breach of contract because the intrinsic fairness measure applies to dealings betwixt subsidiaries.
CONCLUSION
The Supreme Court of Delaware reversed the gild every minute to dividends because the dividends were paid fairly to all stockholders, too it affirmed the gild every minute to breach of contract because the intrinsic fairness measure applies to dealings betwixt subsidiaries.
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