[DOWNLOAD] "Marilyn Zirn v. Vli Corporation" by Supreme Court of Delaware ~ Book PDF Kindle ePub Free

August 29, 2021

eBook details

Title: Marilyn Zirn v. Vli Corporation
Author : Supreme Court of Delaware
Release Date : January 08, 1993
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 67 KB

Description

WALSH, Justice: This is an appeal from a decision of the Court of Chancery in a class action initiated by Marilyn Zirn ("Zirn"), a shareholder
of VLI Corporation ("VLI"). Zirn appeals from a post-trial determination that the defendants-appellees did not breach their
duty of disclosure or commit equitable fraud in connection with the merger of VLI with American Hospital Corporation ("AHP").
1 We conclude that the Court of Chancery erred in its application of the standard for determining the materiality of disclosure
to shareholders in a merger context. We further conclude that the Trial Court erred in restricting discovery by Zirn into
advice given VLI by its new patent counsel regarding a matter which was material to the merger negotiations. Accordingly,
we reverse and remand for further proceedings.