Dennis Wood v. Frank E. Best

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July 9, 1999

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3499 Fabricated Metal Products, NEC
332510 Hardware Manufacturing
breach of fiduciary duty
breach of fiduciary duty, cash-out merger
Dennis Wood v. Frank E. Best
1999 Del. Ch. LEXIS 141
US
State Court
Delaware
Court of Chancery
Chandler, Chancellor

Summary

At issue is breach of fiduciary duty in connection with the cash-out of minority shareholders in three related corporations.

See Also

Cardinal Capital Management v. Frank E. Best, Inc.

Legal and Court Case Update
July 9, 1999

This case involves claims of breach of fiduciary duty in connection with the cash-out of the minority shareholders in several related corporations.

Entire Fairness Standard Applies to Merger

Legal and Court Case Update
July 9, 1999

The defendants acquired control of three related companies, cashed-out the minority shareholders, and merged them into WEBCO.