WebOn May 22, 1996, the day before the transactions closed, plaintiff Larry F. Klang filed a purported class action in the Court of Chancery against Jeffrey Smith and his family, … http://www.pelosolaw.com/casebriefs/corporations/klang.html
Klang v. Smith
WebKlang 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 … WebKlang v. Smith's Food & Drug Centers, Inc. A Delaware judge examined a host of objections to a series of merger, restructuring and refinancing transactions among supermarket … open the us pipeline
Klang v. Smith’s Food & Drug Centers, Inc. Case Brief Summary
WebSmith's Food & Drug Centers, Inc., No. 210 DocumentCited authorities 12Cited in 34Precedent MapRelated Vincent Court Delaware Supreme Court Writing for the Court … WebSmith’s Food & Drug Centers, Inc.,702 A.2d 150, 152 (Del. 1997) (holding that “[d]irectors have reasonable latitude to depart from the balance sheet to calculate surplus, so long as they evaluate assets and liabilities in good faith, on the basis of acceptable data, by methods that they reasonably believe reflect present values, and arrive at a … WebSep 11, 1997 · Smith's Food Drug Centers, Inc. ("SFD") is a Delaware corporation that owns and operates a chain of supermarkets in the Southwestern United States. Slightly more … open the vault free slots