Mills Acquisition Co. v. MacMillan, Inc., s. 415
| Citation | 550 A.2d 35 |
| Decision Date | 31 October 1988 |
| Docket Number | Nos. 415,416,1988,s. 415 |
| Parties | Fed. Sec. L. Rep. P 94,072 MILLS ACQUISITION CO., a Delaware Corporation, et al., Plaintiffs Below, Appellants, v. MacMILLAN, INC., a Delaware Corporation, et al., Defendants Below, Appellees. . Submitted: |
| Court | United States State Supreme Court of Delaware |
Chancery Court, New Castle County
REVERSED AND REMANDED.
Before CHRISTIE, Chief Justice, and MOORE and HOLLAND, Justices.
This 2nd day of November, 1988, the Court having considered the record, the briefs and oral argument of counsel, and having concluded that the judgment of the Court of Chancery should be reversed.
NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of Chancery be, and the same hereby is REVERSED. The matter is REMANDED to the Court of Chancery with instructions to enter a preliminary injunction as prayed by plaintiffs. The mandate shall issue forthwith, and a more formal opinion, fully explicating our views, will issue in due course.
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...judgment rule applies, courts "should decline to review the wisdom and merits of a business decision." Mills Acquisition Co. v. Macmillan, Inc., 559 A.2d 1261, 1279 (Del.1989). As the Delaware Supreme Court has noted: "A hallmark of the business judgment rule is that a court will not substi......
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CORPORATE FIDUCIARY DUTY IN THE AGE OF ALGORITHMS.
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