Paramount Communications, Inc. v. Time 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 it was not reasonably probable that the directors breached their fiduciary duties by pursuing a superior long-term value of strategic, stock-for-stock merger without a post-transaction controller
• finding that the strategic decision of Time's board, after an exhaustive appraisal of Time's future, was entitled to the protection of the business judgment rule
• finding that the strategic decision of Time’s board, after an exhaustive appraisal of Time’s future, was entitled to the protection of the business judgment rule
• holding in favor of board's \defense-motivated\ actions against plaintiff Paramount's takeover attempts
• stating that a board may not “abdicate” its duties under Section 251(b)
• stating that a board may not “abdicate” its duties under Section 251(b)

Source: CourtListener parenthetical corpus (CC0).

Cited by

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

• Kramer v. Time Warner Inc
  Second Circuit· 1991-06-27· cited 603×
• In Re Time Warner Inc. Securities Litigation
  Second Circuit· 1993-11-30· cited 541×
• Cede & Co. v. Technicolor, Inc.
  Supreme Court of Delaware· 1994-01-18· cited 456×
• Levine v. Smith
  Supreme Court of Delaware· 1991-05-01· cited 325×
• In Re Santa Fe Pacific Corp. Shareholder Litigation
  Supreme Court of Delaware· 1995-11-22· cited 306×
• Paramount Communications Inc. v. QVC Network Inc.
  Supreme Court of Delaware· 1994-02-04· cited 265×
• Arnold v. Society for Savings Bancorp, Inc.
  Supreme Court of Delaware· 1994-12-28· cited 251×
• Stroud v. Grace
  Supreme Court of Delaware· 1992-04-09· cited 246×
• Cinerama, Inc. v. Technicolor, Inc.
  Supreme Court of Delaware· 1995-07-17· cited 242×
• Unitrin, Inc. v. American General Corp.
  Supreme Court of Delaware· 1995-01-11· cited 223×
• RBC Capital Markets, LLC v. Jervis
  Supreme Court of Delaware· 2015-11-30· cited 202×
• Williams v. Geier
  Supreme Court of Delaware· 1996-01-23· cited 180×
• In re Trados Inc. Shareholder Litigation
  Court of Chancery of Delaware· 2013-08-16· cited 161×
• Lyondell Chemical Co. v. Ryan
  Supreme Court of Delaware· 2009-03-25· cited 145×
• McMullin v. Beran
  Supreme Court of Delaware· 2000-11-20· cited 135×
• Amalgamated Bank v. Yahoo! Inc.
  Court of Chancery of Delaware· 2016-02-02· cited 134×
• In re Orchard Enterprises, Inc.
  Court of Chancery of Delaware· 2014-02-28· cited 127×
• Reis v. Hazelett Strip-Casting Corp.
  Court of Chancery of Delaware· 2011-02-01· cited 126×
• Arnold v. Society for Sayings Bancorp, Inc.
  Supreme Court of Delaware· 1996-06-25· cited 121×
• Kaufman v. I-Stat Corp.
  Supreme Court of New Jersey· 2000-07-27· cited 119×

Cites

15 cases in this archive are cited by this case.

• Aronson v. Lewis
  Supreme Court of Delaware· 1984-03-01· cited 1,206×
• 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×
• Mills Acquisition Co. v. MacMillan, Inc.
  Supreme Court of Delaware· 1989-05-03· cited 245×
• Pogostin v. Rice
  Supreme Court of Delaware· 1984-06-21· cited 195×
• Moran v. Household International, Inc.
  Supreme Court of Delaware· 1985-11-20· cited 170×
• Ivanhoe Partners v. Newmont Mining Corp.
  Supreme Court of Delaware· 1987-11-18· cited 157×
• Citron v. Fairchild Camera & Instrument Corp.
  Supreme Court of Delaware· 1989-12-22· cited 91×
• Beard v. Elster
  Supreme Court of Delaware· 1960-02-11· cited 85×
• AC Acquisitions Corp. v. Anderson, Clayton & Co.
  Court of Chancery of Delaware· 1986-09-18· cited 49×
• City Capital Associates Ltd. Partnership v. Interco Inc.
  Court of Chancery of Delaware· 1988-11-01· cited 41×
• Shamrock Holdings, Inc. v. Polaroid Corp.
  Court of Chancery of Delaware· 1989-01-06· cited 30×
• BNS INC. v. Koppers Co., Inc.
  D. Delaware· 1988-05-09· cited 17×
• Grand Metro. Public Ltd. v. Pillsbury Co.
  Court of Chancery of Delaware· 1988-12-16· cited 7×