Andrews Corporate Officers and Directors Liability Litigation Reporter
July 16, 2001
Copyright (c) 2001 Andrews Publications
OHIO APP. CT. USES DEL. LAW TO DECIDE DEAL DID NOT HURT MINORITY
Huang v. Lanxide Thermocomposites
An Ohio appeals court, applying Delaware corporate law, decided the majority shareholders of a troubled refractory technology company did not receive an unfair benefit at the expense of the minority sale. Therefore, neither they nor the deal they...