case United States English original

Sinclair Oil Corp. v. Levien

Delaware Supreme Court decision applying intrinsic fairness review where a controlling shareholder receives a benefit to the exclusion and detriment of minority shareholders.

Use It For

Use this before Weinberger and MFW to introduce controller self-dealing review and the idea of an exclusive controller benefit.

Teaching Notes

It is a useful foreign comparator for Chinese controller-instruction liability, related-party transactions, and controlling-shareholder tunneling.