Supreme Court of Delaware

In denying vacatur of previous rulings granting specific performance of a merger agreement, the Court of Chancery properly relied on both federal and state articulations of the appropriate vacatur standard.

Appellate Information

• Decided 02/28/2003
• Published 03/04/2003

Judges

• WALSH, J., BEFORE:  VEASEY, Chief Justice, WALSH, and HOLLAND, Justices.

Court

• Supreme Court of Delaware

Counsel

• For Appellant:
  
• Anthony W. Clark, (argued), Robert S. Saunders, Julie A. Tostrup, Cynthia E. Carrasco, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, Delaware, for appellants, Tyson Foods, Inc. and Lasso Acquisition Corporation.


• For Appellees:
  
• John L. Reed, Timothy R. Dudderar, Duane Morris, LLP, Wilmington, Delaware, Michael H. Schaalman, (argued), Cristina D. Hernandez-Malaby, Quarles & Brady, LLP, Milwaukee, Wisconsin, Mark C. Gardy, Karen E. Fisch, Abbey Gardy, LLP, New York City, for appellees, Aetos Corp., Pelican Limited Partnership, Stark Investments, L.P., and Shepherd International, Ltd., A. Gilchrist Sparks, Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware, Richard A. Jochum, Dakota Dunes, South Dakota, for cross-claim plaintiff and counterclaim defendant below appellee, IBP, Inc.