Court of Chancery of Delaware.https://leagle.com/images/logo.png
Submitted: June 8, 2007.
Decided: June 15, 2007.
Attorney(s) appearing for the Case
Pamela S. Tikellis, Esquire, Chimicles & Tikellis, LLP, Wilmington, Delaware, for Plaintiff.
Seth D. Rigrodsky, Esquire, Brian D. Long, Esquire, Rigrodsky & Long, P.A., Wilmington, Delaware; Ann K. Ritter, Esquire, Motley Rice, LLC, Mount Pleasant, South Carolina, Co-Chairs of Plaintiffs' Executive Committee.
Kevin G. Abrams, Esquire, J. Travis Laster, Esquire, Steven M. Haas, Esquire, Nathan A. Cook, Esquire, Abrams & Laster, LLP, Wilmington, Delaware, for the Lear Defendants.
Matthias Lydon, Esquire, Norman Beck, Esquire, Winston & Strawn, LLP, Chicago, Illinois, of Counsel to Lear Corporation.
Kenneth J. Nachbar, Esquire, Jay N. Moffitt, Esquire, William E. Green, Jr., Esquire, Morris Nichols Arsht & Tunnell, Wilmington, Delaware, for Defendants AREP Car Acquisition Corp., American Real Estate Partners, LP, and Vincent J. Intrieri.
Court of Chancery of Delaware.
OPINION
STRINE, Vice Chancellor.
I. Introduction
Lear Corporation is one of the world's leading automotive interior systems suppliers. It is among the Fortune 200, and its shares trade on the New York Stock Exchange. Although Lear is a large corporation, it remains highly dependent on the success of the corporations who sell cars and trucks — as those corporations are Lear's customers. In...
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