Gilliland v. Motorola, 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 obligation to provide notice of merger was satisfied by sending notice to brokers or fiduciaries holding stock on behalf of beneficial owners
• “The statutory duty is mainly to notify the stockholders of the merger and of their appraisal remedy, and was satisfied by the Notice.”
• ‘‘[T]he court is unwilling to conclude that the impetus to streamline the short-form merger procedure can ever justify a complete absence of financial disclosures in a notice of merger issued pursuant to section 262.”
• “[M]inimal disclosure . . .—a brief summary of the financial numbers and a description of where the more exhaustive disclosures would be located—would have sufficed. [Defendant], however, did not even provide this minimal disclosure and, therefore, did not satisfy its disclosure duty.”

Source: CourtListener parenthetical corpus (CC0).