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An Introduction to the Law of Corporations: Cases and Materials, Fall 2017

Paramount Communications, Inc. and KDS Acquisitions Corp., Plaintiffs Below, Appellants, v. Time Incorporated, T.W. Sub, James F. Bere, Henry C. Goodrich, Clifford J. Grum, Matina S. Horner, David T. Kearns, Gerald M. Levin, J. Richard Munro, N.J. Nicholas, Jr., Donald S. Perkins, Clifton R. Wharton, Michael D. Finkelstein, Henry Luce III, Jason D. McManus, John R. Opel, and Warner Communications, Inc., Defendants Below, Appellees. Literary Partners, L.P., Cablevision Media Partners, L.P., and A

Headnote

In Time, the court is asked to clarify exactly when a board's actions will be reviewed under the standard announced in Unocal and Revlon.