In Re Dollar Thrifty Shareholder Litigation

How courts have described this case

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

• holding that the evidence showed that the 15 board did not have a conflict of interest that gave them a motive to avoid achieving value maximization for the stockholders
• noting that a company’s investment bankers working with private equity bidders prior to a sales process was “one of the facts of business life”
• noting that when applying enhanced scrutiny, “the court seeks to assure itself that the board acted reasonably, in the sense of taking a logical and reasoned approach for the purpose of advancing a proper objective”
• noting that it is “one of the facts of business life that most of the top, if not all, banks have relationships with the major private equity firms.”
• finding that the target board’s use of no-shop, matching rights, and termination fee provisions were reasonable even though the company had agreed to deal exclusively with the buyer without conducting a pre-signing market check
• explaining that an investment banker having a business relationship with a counterparty “is evidence of one of the facts of business life—that most of the top, if not all, banks have relationships with the major private equity firms”

Source: CourtListener parenthetical corpus (CC0).

Cited by

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

• RBC Capital Markets, LLC v. Jervis
  Supreme Court of Delaware· 2015-11-30· cited 202×
• In re Trados Inc. Shareholder Litigation
  Court of Chancery of Delaware· 2013-08-16· cited 161×
• Quadrant Structured Products Company, Ltd. v. Vertin
  Court of Chancery of Delaware· 2014-10-01· cited 135×
• In re Orchard Enterprises, Inc.
  Court of Chancery of Delaware· 2014-02-28· cited 127×
• In re Morton's Restaurant Group, Inc. Shareholders Litigation
  Court of Chancery of Delaware· 2013-07-23· cited 112×
• In re MFW Shareholders Litigation
  Court of Chancery of Delaware· 2013-05-29· cited 103×
• Chen v. Howard-Anderson
  Court of Chancery of Delaware· 2014-04-08· cited 99×
• In re Rural Metro Corp.
  Court of Chancery of Delaware· 2014-03-07· cited 92×
• C & J Energy Services, Inc. v. City of Miami General Employees'
  Supreme Court of Delaware· 2014-12-19· cited 77×
• In re Synthes, Inc. Shareholder Litigation
  Court of Chancery of Delaware· 2012-08-17· cited 56×
• In re Rural/Metro Corporation Stockholders Litigation
  Court of Chancery of Delaware· 2014-10-10· cited 54×
• In Re El Paso Corporation Shareholder Litigation
  Court of Chancery of Delaware· 2012-02-29· cited 38×
• Pell v. Kill
  Court of Chancery of Delaware· 2016-05-19· cited 32×
• Cent. Laborers' Pension Fund v. McAfee, Inc.
  California Court of Appeals, 5th District· 2017-11-15· cited 14×
• Gavin v. Tousignant (In re Ultimate Escapes Holdings, LLC)
  D. Delaware· 2016-02-23· cited 4×
• (Various) in re Appraisal v. Anschutz Corp
  Colorado Court of Appeals· 2020-04-09· cited 3×
• In re: Crimson Exploration Inc. Stockholder Litigation
  Court of Chancery of Delaware· 2014-10-24
• Quadrant Structured Products Company, Ltd. v. Vertin
  Court of Chancery of Delaware· 2014-10-28
• In re Comverge, Inc. Shareholders Litigation
  Court of Chancery of Delaware· 2014-11-25
• In re Family Dollar Stores, Inc. Stockholder Litigation
  Court of Chancery of Delaware· 2014-12-19

Cites

24 cases in this archive are cited by this case; the 20 most cited are listed.

• Smith v. Van Gorkom
  Supreme Court of Delaware· 1985-03-14· cited 428×
• Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.
  Supreme Court of Delaware· 1986-03-13· cited 386×
• Unocal Corp. v. Mesa Petroleum Co.
  Supreme Court of Delaware· 1985-06-10· cited 322×
• Paramount Communications Inc. v. QVC Network Inc.
  Supreme Court of Delaware· 1994-02-04· cited 265×
• Sinclair Oil Corporation v. Levien
  Supreme Court of Delaware· 1971-06-18· cited 258×
• Trenwick America Litigation Trust v. Ernst & Young, L.L.P.
  Court of Chancery of Delaware· 2006-08-10· cited 250×
• Mills Acquisition Co. v. MacMillan, Inc.
  Supreme Court of Delaware· 1989-05-03· cited 245×
• Barkan v. Amsted Industries, Inc.
  Supreme Court of Delaware· 1989-12-18· cited 209×
• United Rentals, Inc. v. RAM Holdings, Inc.
  Court of Chancery of Delaware· 2007-12-21· cited 147×
• Paramount Communications, Inc. v. Time Inc.
  Supreme Court of Delaware· 1990-03-09· cited 105×
• In Re IBP, Inc., Shareholders Litigation
  Court of Chancery of Delaware· 2001-06-18· cited 101×
• Citron v. Fairchild Camera & Instrument Corp.
  Supreme Court of Delaware· 1989-12-22· cited 91×
• Gagliardi v. Trifoods International, Inc.
  Court of Chancery of Delaware· 1996-07-19· cited 79×
• In Re Netsmart Technologies, Inc. Shareholders Litigation
  Court of Chancery of Delaware· 2007-03-14· cited 73×
• Hexion Specialty Chemicals, Inc. v. Huntsman Corp.
  Court of Chancery of Delaware· 2008-11-19· cited 73×
• In Re Toys\ R\ US, Inc.
  Court of Chancery of Delaware· 2005-06-24· cited 71×
• West Point-Pepperell, Inc. v. J.P. Stevens & Co.
  Court of Chancery of Delaware· 1988-04-08· cited 67×
• In Re Lear Corp. Shareholder Litigation
  Court of Chancery of Delaware· 2008-09-02· cited 65×
• Omnicare, Inc. v. NCS Healthcare, Inc.
  Supreme Court of Delaware· 2003-04-04· cited 52×
• Omnicare, Inc. v. NCS Healthcare, Inc.
  Court of Chancery of Delaware· 2002-10-25· cited 50×