HIGH COURT REINSTATES BALLY CEO BRIBE CHARGE AS DIRECT CLAIM AGAINST HILTON MERGER Parnes v. Bally Entertainment | Secondary Sources | Westlaw

HIGH COURT REINSTATES BALLY CEO BRIBE CHARGE AS DIRECT CLAIM AGAINST HILTON MERGER Parnes v. Bally Entertainment | Secondary Sources | Westlaw

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HIGH COURT REINSTATES BALLY CEO BRIBE CHARGE AS DIRECT CLAIM AGAINST HILTON MERGER Parnes v. Bally Entertainment

14 No. 8 ANCODLLR 3Andrews Corporate Officers and Directors Liability Litigation Reporter (Approx. 3 pages)

HIGH COURT REINSTATES BALLY CEO BRIBE CHARGE AS DIRECT CLAIM AGAINST HILTON MERGER Parnes v. Bally Entertainment

14 No. 8 ANCODLLR 3Andrews Corporate Officers and Directors Liability Litigation Reporter (Approx. 3 pages)

14 No. 8 Andrews Corp. Off. & Directors Liab. Litig. Rep. 3
Andrews Corporate Officers and Directors Liability Litigation Reporter
February 22, 1999
Business Judgment Rule:
Copyright (c) 1999 Andrews Publications

HIGH COURT REINSTATES BALLY CEO BRIBE CHARGE AS DIRECT CLAIM AGAINST HILTON MERGER

Parnes v. Bally Entertainment

The full Delaware Supreme Court has revived a shareholder's charge that he was shortchanged in the merger of Bally Entertainment Corp. and Hilton Hotels Corp. because Bally's CEO shut out bidders who were unwilling to buy his approval. Parnes v....
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