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A summary and case brief of Klang v. Smith's Food & Drug Centers, Inc., including the facts, issue, rule of law, holding and reasoning, key terms, and concurrences and dissents.


702 A.2d 150 (1997). Larry F. KLANG, on behalf of himself and all others similarly situated, Plaintiff Below, Appellant, v. SMITH'S FOOD & DRUG CENTERS, INC., Jeffrey P. Smith, Richard D. Smith, Fred L. Smith, Sean D. Smith, Robert D. Bolinder, Kenneth A. White, Douglas John Tigert, Stuart Rosenthal, Ray V. Rose,  ...


Klang v Smith's Food & Drug Centers, Inc. 702 A.2d 150 (Del. 1997). SFD was trying to be acquired by Yucaipa. As part of the deal, SFD agreed to repurchase 50% of the outstanding SFD stock. That's known as a self-tender offer. SFD talked to their investment firm, decided that the repurchase would not result in an ...


Smith v. Atlantic Properties, Inc. 12 Mass.App.Ct. 201, 422 N.E.2d 798 (Mass.App .Ct. 1981). Four investors incorporated Atlantic Properties. They gave themselves 25% of the stock each. They passed a by-law saying that no resolution by the Board was effective unless 80% of the shareholders voted for it. Effectively giving  ...


Basic, Inc. v. Levinson. Basic, Inc. v. Levinson 485 U.S. 224 (1988). Rumors were circulating that Basic was in negotiations to merge with Combustion Engineering. The directors of Basic issued three public statements saying that they were not engaged in merger negotiations. This was untrue, Basic and Combustion ...


A.P. Smith Mfg. Co. v. Barlow 13 N.J. 145, 98 A.2d 581 (1953). Facts: The plaintiff corporation was attempting to donate $1,500 to Princeton University. However, the stockholders were against this decision, and P instituted a declaratory judgment action. The stockholder's argued: (1) the plaintiff's certificate of incorporation ...


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Human drug compounding; FDA inspections; compounding recalls. ... Firm Press Release: Advanced Pharma, Inc. d/b/a Avella of Houston Issues Voluntary Nationwide Recall of Specific Lots of Potassium Phosphate and Succinylcholine ...... Hunter Holmes McGuire Veterans Admin Medical Center, Richmond, VA.