1. Home
  2. Browse Decisions
  3. A.2d
  4. 606 A.2d
  5. 606 A.2d 112 (1992)
 

SHELL PETROLEUM, INC. v. SMITH

606 A.2d 112 (1992)

SHELL PETROLEUM, INC., f/k/a SPNV Holdings, Inc., Defendant Below, Appellant, v. Raymond A. SMITH, Edwina A. Tarry, George William Tarry, as Trustee, Joseph R. Reilly, John Bancroft Webster, and Edward F. Pohrer, Plaintiffs Below, Appellees.

Supreme Court of Delaware.

Decided: April 23, 1992.

Attorney(s) appearing for the Case

Richard L. Sutton (argued), William O. LaMotte, III and Robert J. Valihura, Jr., Morris, Nichols, Arsht & Tunnell, Wilmington (Cravath, Swaine & Moore, New York City, of counsel), for appellant.

Clark W. Furlow, Smith, Katzenstein & Furlow, Thomas P. Preston and John L. Olsen, Duane, Morris & Heckscher, Wilmington (H. Lee Godfrey (argued), Susman Godfrey, Houston, Tex., Edward M. Selfe, Bradley, Arant, Rose & White, Birmingham, Ala., of counsel), for appellees.

Before MOORE, WALSH, JJ., TAYLOR, Judge (sitting by designation pursuant to Del. Const. art. IV, § 12).

MOORE, Justice.

Shell Petroleum, Inc., the successor to SPNV Holdings, Inc. ("Holdings"), appeals a decision of the Court of Chancery awarding the class plaintiffs, all former minority shareholders of Shell Oil Company ("Shell"), damages for material misstatements made to the latter in connection with a short form "freeze-out" merger initiated by Holdings. We agree that the misstatements were material and that Holdings must bear responsibility for them. Accordingly...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases