Bershad v. Curtiss-Wright Corp

In Bershad v Curtiss-Wright Corp, 535 A.2d 840, 844-845 (Del, 1987), the plaintiff, a minority shareholder of the defendant's subsidiary corporation, challenged the defendant's failure to obtain the best possible price available when the decision to "cash-out" the minority stockholders was made. The Supreme Court of Delaware rejected this proposition, holding that the effect of any such ruling would impose an affirmative duty on majority shareholders to "auction" the corporation when seeking to cash out the minority. Id.