SmartBrief
0
Confirm favorite deletion?
Corporations Keyed to Rhee
Paramount Communications, Inc. v. Time Inc.
Citation:
571 A.2d 1140 (Del. 1989)Facts
Time’s executive board began considering expanding Time’s operations into the entertainment industry. In spring of 1987, a meeting took place between Steve Ross, CEO of Warner Brothers, and N.J. Nicholas, President and a director of Time. They discussed the possibility of a joint venture between the two companies. On March, 1989, Time’s board met and unanimously approved the stock-for-stock merger with Warner. Warner’s board likewise approved the merger. Time also entered an automatic share exchange agreement with Warner as a defensive tactic. On June 7, 1989, Paramount announced its all-cash offer to purchase all outstanding shares of Time for $175 per share. Time found Paramount’s fully negotiable offer to be subject to three conditions. Eventually, the Time board viewed Paramount’s offer as inadequate and concluded that its proposed merger with Warner was the better course of action.
Only StudyBuddy Pro offers the complete Case Brief Anatomy*
Access the most important case brief elements for optimal case understanding.
*Case Brief Anatomy includes: Brief Prologue, Complete Case Brief, Brief Epilogue
- The Brief Prologue provides necessary case brief introductory information and includes:
Topic:
Identifies the topic of law and where this case fits within your course outline.Parties:
Identifies the cast of characters involved in the case.Procedural Posture & History:
Shares the case history with how lower courts have ruled on the matter.Case Key Terms, Acts, Doctrines, etc.:
A case specific Legal Term Dictionary.Case Doctrines, Acts, Statutes, Amendments and Treatises:
Identifies and Defines Legal Authority used in this case.
- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
Brief Facts:
A Synopsis of the Facts of the case.Rule of Law:
Identifies the Legal Principle the Court used in deciding the case.Facts:
What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case.Issue(s):
Lists the Questions of Law that are raised by the Facts of the case.Holding:
Shares the Court's answer to the legal questions raised in the issue.Concurring / Dissenting Opinions:
Includes valuable concurring or dissenting opinions and their key points.Reasoning and Analysis:
Identifies the chain of argument(s) which led the judges to rule as they did.
- The Brief Prologue closes the case brief with important forward-looking discussion and includes:
Policy:
Identifies the Policy if any that has been established by the case.Court Direction:
Shares where the Court went from here for this case.
Topic Resources
2m 27s