In Re Mony Group, Inc. Shareholder Lit.

How courts have described this case

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

• explaining that “[s]tockholders of Delaware corporations have the right to vote their shares in their own interest” and their “personal interests . . . are irrelevant”
• finding directors disinterested in moving merger vote when approval of the merger would guarantee their own removal from office
• evaluating claim that board acted inequitably and for purpose of frustrating shareholder franchise in setting record date for purpose of determining stockholders entitled to vote on approval of merger agreement
• “[OJnce a board of directors deems a merger agreement favorable, it may employ various legal powers to achieve a favorable outcome on a shareholder vote required to approve that agreement.”
• “[A]s a general rule, proxy materials are not required to state . . . plaintiff’s characterization of the facts.”
• “[A]s a general rule, proxy materials are not required to state ‘opinions or possibilities, legal theories or plaintiff's characterization of the facts.’”

Source: CourtListener parenthetical corpus (CC0).