Kahn v. Tremont

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Full Text of Court Cases
June 10, 1997

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3339 Primary Smelting and Refining of Nonferrous Metals, Except Copper and Aluminum
331410 Nonferrous Metal (except Aluminum) Smelting and Refining
shareholder dissent/oppression
shareholder dispute
Kahn v. Tremont
694 A.2d 422, 1997 Del. LEXIS 205
US
State Court
Delaware
Supreme Court
Walsh

Summary

At issue is whether the court erred on its burden of proof allocation regarding the entire fairness of a purchase transaction and whether the circumstances surrounding the purchase of NL Industries indicate that the process was tainted.

See Also

Court Finds Financial and Legal Advisors Not Independent

Legal and Court Case Update
August 1997

Plaintiff Alan Kahn appealed the decision the Court of Chancery handed down that approved the purchase of 7.8 million shares of NL Industries by Tremont Corp.