Sealy Mattress Co. of New Jersey v. Sealy, 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 an injunction is the remedy most likely to obtain disclosure of the information necessary to achieve an informed decision and eliminate the offer's coercive aspects
• holding that independent legal advice is one aspect in determining the fairness of a particular dealing
• holding that board “could not abdicate its obligation to make an informed decision on the fairness of the merger by simply deferring to the judgment of the controlling stockholder”
• holding that board “could not abdicate its obligation to make an informed decision on the fairness of the merger by simply deferring to the judgment of the controlling stockholder . . .”
• holding that board “could not abdicate its obligation to make an informed decision on the fairness of the merger by simply deferring to the judgment of the controlling stockholder . . . .”
• explaining that a controlling stockholder is ―obliged not to time or structure the transaction, or to manipulate the corporation‘s values, so as to permit or facilitate the forced elimination of the minority stockholders at an unfair price‖

Source: CourtListener parenthetical corpus (CC0).