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Revlon Duty
''Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.'', 506 A.2d 173 (Del. 1986), was a landmark decision of the Delaware Supreme Court on hostile takeovers. The Court declared that, in certain limited circumstances indicating that the "sale" or "break-up" of the company is inevitable, the fiduciary obligation of the directors of a target corporation are narrowed significantly, the singular responsibility of the board being to maximize immediate stockholder value by securing the highest price available. The role of the board of directors transforms from "defenders of the corporate bastion to auctioneers charged with getting the best price for the stockholders at a sale of the company."''Revlon'', 506 A.2d at 182. Accordingly, the board's actions are evaluated in a different frame of reference. In such a context, that conduct can not be judicially reviewed pursuant to the traditional business judgment rule, but instead will be scrutinized for reasonableness in relation to this d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Court Of Delaware
The Delaware Supreme Court is the sole appellate court in the United States state of Delaware. Because Delaware is a popular haven for corporations, the Court has developed a worldwide reputation as a respected source of corporate law decisions, particularly in the area of mergers and acquisitions.Thomas Lee Hazen and Jerry W. Markham, ''Corporations and Other Business Enterprises'' (2003) Jurisdiction The Supreme Court has appellate jurisdiction over direct appeals from the Superior Court, Family Court, and Court of Chancery. Because it is the only appellate court in the state, its jurisdiction over appeals from final orders is mandatory. However, it has discretionary jurisdiction over appeals from interlocutory orders. The Court has original jurisdiction over writs of mandamus, prohibition, and certiorari. In addition, the Court regulates and has exclusive jurisdiction over matters concerning the admission and discipline of lawyers, the Lawyers' Fund for Client Protection ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High-yield Debt
In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade by credit rating agencies. These bonds have a higher risk of default or other adverse credit events, but offer higher yields than investment-grade bonds in order to compensate for the increased risk. Default risk As indicated by their lower credit ratings, high-yield debt entails more risk to the investor compared to investment grade bonds. Investors require a greater yield to compensate them for investing in the riskier securities. In the case of high-yield bonds, the risk is largely that of default: the possibility that the issuer will be unable to make scheduled interest and principal payments in a timely manner. The default rate in the high-yield sector of the U.S. bond market has averaged about 5% over the long term. During the liquidity crisis of 1989-90, the default rate was in the 5.6% to 7% range. During the pandemic of 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1986 In United States Case Law
The year 1986 was designated as the International Year of Peace by the United Nations. Events January * January 1 **Aruba gains increased autonomy from the Netherlands by separating from the Netherlands Antilles. **Spain and Portugal enter the European Community, which becomes the European Union in 1993. *January 11 – The Gateway Bridge in Brisbane, Australia, at this time the world's longest prestressed concrete free-cantilever bridge, is opened. *January 13– 24 – South Yemen Civil War. *January 20 – The United Kingdom and France announce plans to construct the Channel Tunnel. *January 24 – The Voyager 2 space probe makes its first encounter with Uranus. *January 25 – Yoweri Museveni's National Resistance Army Rebel group takes over Uganda after leading a five-year guerrilla war in which up to half a million people are believed to have been killed. They will later use January 26 as the official date to avoid a coincidence of dates with Dictator Idi Amin's 1971 c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delaware State Case Law
Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Delaware Bay, in turn named after Thomas West, 3rd Baron De La Warr, an English nobleman and Virginia's first colonial governor. Delaware occupies the northeastern portion of the Delmarva Peninsula and some islands and territory within the Delaware River. It is the second-smallest and sixth-least populous state, but also the sixth-most densely populated. Delaware's largest city is Wilmington, while the state capital is Dover, the second-largest city in the state. The state is divided into three counties, having the lowest number of counties of any state; from north to south, they are New Castle County, Kent County, and Sussex County. While the southern two counties have historically been predominantly agricultural, New Castle is more ur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Corporate Case Law
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weinberger V
Weinberger is a German surname. Notable people with the surname include: *A. G. Weinberger, musician *Alan Weinberger, American businessman *Alycia J. Weinberger, Carnegie Institution staffer * Armin Weinberger, German professor *Caspar Weinberger (1917–2006), American politician and Secretary of Defense under President Ronald Reagan * Daniel Weinberger (born 1947), professor *David Weinberger, technologist and commentator *Ed. Weinberger (born 1945), American screenwriter *Eliot Weinberger (born 1949), American writer, editor, and translator * Franz Weinberger, Swiss bobsledder * Hans Weinberger (1928–2017), Austrian-American mathematician * Jacob Weinberger (1882–1974), judge *Jane Weinberger (1918–2009), American author *Jaromír Weinberger (1896–1967), Czech composer * Mark Weinberger, American businessman * Marvin Weinberger (born 1989), Austrian football striker *Miro Weinberger (born 1970), American politician *Moshe Weinberger (born 1957), Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unocal Corp
Union Oil Company of California, and its holding company Unocal Corporation, together known as Unocal was a major petroleum explorer and marketer in the late 19th century, through the 20th century, and into the early 21st century. It was headquartered in El Segundo, California, United States. Unocal was involved in domestic and global energy projects. Unocal was one of the key players in the CentGas consortium, which attempted to build the Trans-Afghanistan Pipeline to run from the Caspian area, through Afghanistan, to the Indian Ocean, at a time after the Taliban siege of Kabul in 1996. On August 10, 2005, Unocal merged its entire upstream petroleum business with Chevron and became a wholly-owned subsidiary. Unocal then ceased operations as an independent company, but continues to conduct many operations as Union Oil Company of California, a Chevron company. History The Union Oil Company of California was founded on October 17, 1890, in Santa Paula, California, by Lyman ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiduciary Duty
A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other assets for another person. One party, for example, a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to another party, who, for example, has entrusted funds to the fiduciary for safekeeping or investment. Likewise, financial advisers, financial planners, and asset managers, including managers of pension plans, endowments, and other tax-exempt assets, are considered fiduciaries under applicable statutes and laws. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in another whose aid, advice, or protection is sought in some matter... In such a relation, good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moran V
Moran may refer to: Places Antarctica * Moran Bluff, Marie Byrd Land * Moran Buttress, Marie Byrd Land * Moran Glacier, Alexander Island Asia * Moran Town, Assam, India * Moran, Israel, a kibbutz * Moran Hill, North Korea * Moran Station, a station of the Seoul Metropolitan Subway in Seongnam, South Korea North America * Moran, British Columbia, Canada, a railway point ** Moran Canyon (British Columbia), a natural feature on the Fraser River * Moran, Indiana, an unincorporated town * Moran, Kansas, a city * Moran, Ohio, a neighborhood of Streetsboro, Ohio * Moran, Texas, a city * Moran, Virginia, an unincorporated community * Moran, Wyoming, an unincorporated community * Moran Canyon (Wyoming) * Moran Creek (Minnesota) * Moran Creek (Hay Creek tributary), Montana * Moran Formation, Texas, a geologic formation * Moran Lake, British Columbia, Canada * Moran River, Michigan * Moran State Park, Washington * Moran Township, Michigan * Moran Township, Richland County, Nor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paramount V
Paramount (from the word ''paramount'' meaning "above all others") may refer to: Entertainment and music companies * Paramount Global, also known simply as Paramount, an American mass media company formerly known as ViacomCBS. The following businesses are historically linked to this company, but not all are related by current ownership. **Paramount+, an American streaming video service formerly known as CBS All Access **Paramount Animation, an animation studio and division of Paramount Pictures founded in 2011 **Paramount Communications, a company known as Gulf and Western Industries until 1989, acquired by Viacom in 1994 **Paramount Home Entertainment, a division of Paramount Pictures for home video distribution founded in 1976 **Paramount Network, a current cable network previously called TNN and Spike TV **Paramount Parks, a former subsidiary chain of theme parks ** Paramount Pictures, an American film studio, that serves as Paramount Global's namesake **Paramount Players, a con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lynn A
Lynn may refer to: People and fictional characters * Lynn (given name), including a list of people and fictional characters * Lynn (surname) * The Lynns, a 1990s American country music duo consisting of twin sisters Peggy and Patsy Lynn * Lynn (voice actress), Japanese voice actress Places Canada * Lynn Lake, Manitoba, a town and adjacent lake * Lynn, Nova Scotia, a community * Lynn River, Ontario Ireland * Lynn (civil parish), County Westmeath United Kingdom * King's Lynn is a seaport in Norfolk, England, about 98 miles north of London United States * Lynn, Alabama, a town * Lynn, Arkansas, a town * Lynn, Oakland, California, a former settlement * Lynn, Indiana, a town * Lynn, Massachusetts, a city ** Lynn (MBTA station) * Lynn, Nebraska, an unincorporated community * Lynn, Ohio, an unincorporated community * Lynn, Susquehanna County, Pennsylvania, an historic community now part of Springville in Susquehanna County, Pennsylvania * Lynn, Utah, an unincorporated community ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
