More Court Cases... Shareholder Dispute: Cheyenne Software

Business Valuation UpdateVol. 2 No. 12
Legal and Court Case Update
December 1996

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7372 Prepackaged Software
511210 Software Publishers
breach of fiduciary duty
shareholder dispute, tender offer
In re Cheyenne Software Shareholders Litigation
1996 Del. Ch. LEXIS 142
November 7, 1996
US
State Court
Delaware
Court of Chancery
Chandler

Summary

Claiming a breach of fiduciary duties by the Cheyenne Software Board of Directors, the shareholders sought to have a preliminary injunction issued to delay an all-cash offer for the company.

See Also

In re Cheyenne Software Shareholders Litigation

Full Text of Court Cases
November 7, 1996

At issue is breach of fiduciary duties and the value of Cheyenne stock at the time of a merger with Computer Associates, Inc.