In Re the Topps Co. Shareholders Litigation

How courts have described this case

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

• explaining that the law of fiduciary obligations is one of the most important ways a state regulates a corporation’s internal affairs
• noting that litigants in Delaware Chancery Court may seek direct review from the Delaware Supreme Court, providing “prompt definitive guidance” not available to courts in other states
• observing during course of forum non conveniens analysis that litigating in Delaware would “provide litigants the timely opportunity to seek review from this state's highest court, the Delaware Supreme Court,” which “is obviously unavailable in the courts of another state”
• noting “it is well settled that jurisdiction in any case will be declined . . . where a determination of the rights of the litigants involves regulation and management of the internal affairs of [a] corporation dependent upon the laws of [a] foreign state”
• “When new issues arise, the state of incorporation has a particularly strong interest in addressing them, and providing guidance.”
• “Representative plaintiffs seeking to wield the cudgel for all stockholders of a Delaware corporation have no legitimate interest in obtaining a ruling from a non-Delaware court.”

Source: CourtListener parenthetical corpus (CC0).