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).