From our private database of 28,500+ case briefs...
Credit Lyonnais Bank Nederland, N.V. v. Pathe Communications Corporation
Delaware Chancery Court
1991 WL 277613 (1991)
Credit Lyonnais Bank Nederland, N.V. (CLBN) (plaintiff) made loans to both Pathe Communications Corporation (Pathe) (defendant) and MGM-Pathe Communications Co. (MGM) as part of a leveraged buyout of MGM by Pathe. MGM encountered financial difficulties and struggled to stay solvent. Pathe defaulted on a loan from CLBN secured by a controlling block of stock in MGM. CLBN brought suit against Pathe and three Pathe directors (defendants) in the Delaware Chancery Court, alleging in part that the Pathe directors had made insufficient financial disclosures.
Rule of Law
Holding and Reasoning (Allen, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 545,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.Unlock this case briefRead our student testimonials
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.Learn about our approachRead more about Quimbee
Here's why 545,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 28,500 briefs, keyed to 983 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.