Broz v. Cellular Information Systems, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that party had no interest or expectancy in business opportunity to purchase cellular license when party “was actively engaged in the process- of divesting its cellular license holdings.” Id.
• holding that party had no interest or expectancy in business opportunity to purchase cellular license when party “was actively engaged in the process of divesting its cellular license holdings.” Id.
• “[P]resenting the opportunity to the board creates a kind of ‘safe harbor’ for the director, which removes the specter of a post hoc judicial determination that the director or officer has improperly usurped a corporate opportunity.”
• “CIS was actively engaged in the process of divesting its cellular license holdings . . . . Thus, CIS had no interest or expectancy in the Michigan–2 opportunity.”
• \The teaching of Guth and its progeny is that the director or officer must analyze the situation ex ante to determine whether the opportunity is one rightfully belonging to the corporation.\
• referring to actual or expectant interest in “specific property”

Source: CourtListener parenthetical corpus (CC0).

Cited by

60 cases in this archive cite this case; the 20 most cited are listed.

• Malone v. Brincat
  Supreme Court of Delaware· 1998-12-18· cited 273×
• Parfi Holding AB v. Mirror Image Internet, Inc.
  Supreme Court of Delaware· 2002-11-04· cited 135×
• Telxon Corporation v. Meyerson
  Supreme Court of Delaware· 2002-06-07· cited 135×
• Thorpe by Castleman v. Cerbco, Inc.
  Supreme Court of Delaware· 1996-04-10· cited 121×
• Beam Ex Rel. Martha Stewart Living Omnimedia, Inc. v. Stewart
  Court of Chancery of Delaware· 2003-09-30· cited 89×
• Carlson v. Hallinan
  Court of Chancery of Delaware· 2006-03-21· cited 86×
• Hollinger International, Inc. v. Black
  Court of Chancery of Delaware· 2004-02-26· cited 77×
• Delaware Open MRI Radiology Associates, P.A. v. Kessler
  Court of Chancery of Delaware· 2006-04-26· cited 60×
• Odyssey Partners, L.P. v. Fleming Companies, Inc.
  Court of Chancery of Delaware· 1999-05-13· cited 48×
• McGowan v. Ferro
  Court of Chancery of Delaware· 2004-10-08· cited 45×
• Ostrowski v. Avery
  Supreme Court of Connecticut· 1997-12-09· cited 45×
• Bender v. Schwartz
  Court of Special Appeals of Maryland· 2007-03-01· cited 35×
• A. Teixeira & Co., Inc. v. Teixeira
  Supreme Court of Rhode Island· 1997-09-11· cited 34×
• Kuryakyn Holdings, LLC v. Ciro, LLC
  W.D. Wisconsin· 2017-03-15· cited 23×
• Huff Energy Fund, L.P. v. Longview Energy Co.
  Court of Appeals of Texas· 2015-11-25· cited 20×
• Kohls v. Duthie
  Court of Chancery of Delaware· 2000-07-26· cited 18×
• Northeast Harbor Golf Club, Inc. v. Harris
  Supreme Judicial Court of Maine· 1999-02-19· cited 16×
• Weaver v. ZeniMax Media, Inc.
  Court of Special Appeals of Maryland· 2007-05-25· cited 16×
• Miller v. U.S. Foodservice, Inc.
  D. Maryland· 2005-03-23· cited 11×
• Signature Apparel Group LLC v. Laurita (In re Signature Apparel Group LLC)
  S.D. New York· 2017-08-24· cited 9×

Cites

14 cases in this archive are cited by this case.

• Guth v. Loft, Inc.
  Supreme Court of Delaware· 1939-04-11· cited 466×
• Cede & Co. v. Technicolor, Inc.
  Supreme Court of Delaware· 1994-01-18· cited 456×
• Levitt v. Bouvier
  Supreme Court of Delaware· 1972-01-04· cited 265×
• Williams v. Geier
  Supreme Court of Delaware· 1996-01-23· cited 180×
• Citron v. Fairchild Camera & Instrument Corp.
  Supreme Court of Delaware· 1989-12-22· cited 91×
• Science Accessories Corp. v. Summagraphics Corp.
  Supreme Court of Delaware· 1980-11-21· cited 72×
• Johnston v. Greene
  Supreme Court of Delaware· 1956-04-02· cited 71×
• Rohner v. Niemann
  Supreme Court of Delaware· 1977-10-06· cited 48×
• Yiannatsis v. Stephanis Ex Rel. Sterianou
  Supreme Court of Delaware· 1995-02-08· cited 29×
• Field v. Allyn
  Court of Chancery of Delaware· 1983-01-27· cited 19×
• Delaware Alcoholic Beverage Wholesalers, Inc. v. Ayers
  Supreme Court of Delaware· 1986-02-10· cited 17×
• Kaplan v. Fenton
  Supreme Court of Delaware· 1971-06-02· cited 11×
• Field v. Allyn
  Supreme Court of Delaware· 1983-11-04· cited 5×
• Cellular Information Systems, Inc. v. Broz
  Court of Chancery of Delaware· 1995-05-08· cited 3×