Quimbee logo
DMCA.com Protection Status

Moran v. Household International, Inc.

500 A.2d 1346 (Del. Sup. Ct. 1985)

Case BriefQ&ARelatedOptions
From our private database of 22,300+ case briefs...

Moran v. Household International, Inc.

Supreme Court of Delaware

500 A.2d 1346 (Del. Sup. Ct. 1985)

Play video

Facts

The board of directors (defendants) of Household International, Inc. (Household) (defendant) adopted a shareholder rights plan. Under the plan, if a single entity made a tender offer for at least 30 percent of Household’s shares or acquired at least 20 percent of Household’s shares, Household’s existing stockholders would have the right to buy that entity’s shares at half price following the entity’s acquisition of the shares. The plan was adopted as a defense against future hostile takeovers. Moran (plaintiff) was one of two directors who voted against the plan. Moran was also the chairman of the Dyson-Kissner-Moran Corporation (DKM) (plaintiff), which was the single largest stockholder of Household and had considered a buyout of Household. Moran and DKM (Moran) sued Household and its directors. The chancery court affirmed the rights plan as a valid exercise of the Household board’s business judgment. Moran appealed to the Delaware Supreme Court.

Rule of Law

Issue

Holding and Reasoning (McNeilly, J.)

What to do next…

  1. 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 518,000 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
  2. 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 518,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 22,300 briefs, keyed to 984 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.

Questions and answers

Have a question about this case?

Sign up for a free 7-day trial and ask it

Access this case brief for FREE

With a 7-day free trial membership
Here's why 518,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 22,300 briefs - keyed to 984 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership