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Business Associations Keyed to Bainbridge
Paramount Communications, Inc. v. Time Incorporated
Citation:571 A.2d 1140 (Del.1989)
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- 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.
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- 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. Review the Facts of this case here:
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.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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- Policy: Identifies the Policy if any that has been established by the case.
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