Valeant Pharmaceuticals International v. Jerney

How courts have described this case

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

• holding that availability of Section 141(e) defense to liability is not outcome-determinative on question of breach of duty under entire fairness test
• holding that Section 141(e) defense is not determinative of entire fairness
• noting that fair price might render transaction entirely fair notwithstanding unfair process, but observing that proving as much would be “exceptionally difficult”
• noting that fair price might render transaction entirely fair notwithstanding unfair process, but observing that proving as much would be “exceptionally difficult”
• awarding prejudgment interest from the date that a bonus was wrongfully paid to the defendant executive
• observing that the price terms could not be “justified by reference to any reliable market[]” and that there was no “proof in the record of substantial comparable transactions to which the court might look to find support for the payment of bonuses”

Source: CourtListener parenthetical corpus (CC0).

Cited by

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

• Americas Mining Corp. v. Theriault
  Supreme Court of Delaware· 2012-08-27· cited 178×
• In re Trados Inc. Shareholder Litigation
  Court of Chancery of Delaware· 2013-08-16· cited 161×
• Auriga Capital Corp. v. Gatz Properties, LLC
  Court of Chancery of Delaware· 2012-01-27· cited 97×
• In re Rural Metro Corp.
  Court of Chancery of Delaware· 2014-03-07· cited 92×
• In re Southern Peru Copper Corp. Shareholder Derivative Litigation
  Court of Chancery of Delaware· 2011-10-14· cited 69×
• In re Primedia, Inc. Shareholders Litigation
  Court of Chancery of Delaware· 2013-05-10· cited 48×
• Levy v. HLI Operating Co., Inc.
  Court of Chancery of Delaware· 2007-05-16· cited 39×
• ASARCO LLC v. Americas Mining Corp.
  S.D. Texas· 2009-04-14· cited 27×
• Baldwin v. Bader
  First Circuit· 2009-10-19· cited 20×
• Signature Apparel Group LLC v. Laurita (In re Signature Apparel Group LLC)
  S.D. New York· 2017-08-24· cited 9×
• Metcoff v. Lebovics
  Connecticut Superior Court· 2007-08-16· cited 6×
• HCI Investors, LLC v. Fox
  Missouri Court of Appeals· 2013-10-08· cited 4×
• Spradlin v. E. Coast Miner, LLC (In re Licking River Mining, LLC)
  E.D. Kentucky· 2019-03-27· cited 2×
• Ehmann v. Medflow, Inc.
  North Carolina Business Court· 2017-09-26· cited 1×
• Zutrau v. Jansing and ICE Systems, Inc.
  Court of Chancery of Delaware· 2014-07-31
• Levey v. Brownstone Asset Management, LP
  Court of Chancery of Delaware· 2014-08-29
• John Calma v. Mark B. Templeton
  Court of Chancery of Delaware· 2015-04-30
• Cancan Development, LLC
  Court of Chancery of Delaware· 2015-05-27
• Nathan Owen v. Lynn Cannon
  Court of Chancery of Delaware· 2015-06-17
• The Frederick Hsu Living Trust v. ODN Holding Corporation
  Court of Chancery of Delaware· 2017-04-24

Cites

15 cases in this archive are cited by this case.

• Weinberger v. UOP, Inc.
  Supreme Court of Delaware· 1983-02-01· cited 690×
• Cinerama, Inc. v. Technicolor, Inc.
  Supreme Court of Delaware· 1995-07-17· cited 242×
• Gotham Partners, L.P. v. Hallwood Realty Partners, L.P.
  Supreme Court of Delaware· 2002-10-11· cited 183×
• Telxon Corporation v. Meyerson
  Supreme Court of Delaware· 2002-06-07· cited 135×
• Cinerama, Inc. v. Technicolor, Inc.
  Court of Chancery of Delaware· 1994-10-12· cited 93×
• Oberly v. Kirby
  Supreme Court of Delaware· 1991-06-04· cited 89×
• Summa Corp. v. Trans World Airlines, Inc.
  Supreme Court of Delaware· 1988-04-04· cited 65×
• Chamison v. HealthTrust, Inc.-Hosp. Co.
  Court of Chancery of Delaware· 1999-06-30· cited 63×
• Citron v. E.I. Du Pont De Nemours & Co.
  Court of Chancery of Delaware· 1990-06-29· cited 60×
• Benihana of Tokyo, Inc. v. Benihana, Inc.
  Court of Chancery of Delaware· 2005-12-08· cited 60×
• In Re Cox Communications, Inc. Shareholders Litigation
  Court of Chancery of Delaware· 2005-06-06· cited 60×
• Merritt v. Colonial Foods, Inc.
  Court of Chancery of Delaware· 1986-01-07· cited 30×
• Boyer v. Wilmington Materials, Inc.
  Court of Chancery of Delaware· 1999-01-20· cited 25×
• In Re Estate of Keil
  Supreme Court of Delaware· 1958-10-30· cited 22×
• Delta Star, Inc. v. Patton
  W.D. Pennsylvania· 1999-06-10· cited 13×