Thompson v. Enstar Corp.

How courts have described this case

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

• stating that the “judgment of the directors must be measured on the facts as they existed [when they acted]”
• refusing to grant injunctive relief as to directors’ approval of a “lock- up” option where the provision was a “necessary prerequisite” to the suitor making its tender offer
• directors acted reasonably in granting a voting lock-up because they had searched for offers, but the only offer available “was contingent upon the adoption of the lock-up provisions”

Source: CourtListener parenthetical corpus (CC0).