::::FOOTNOTES::::



FN1 See Emerald Partners v. Berlin, 726 A.2d. 1215, 1222 (Del. 1998).

FN2 See In re Freeport-McMoran Sulphur, Inc. Shareholders Litigation, Consolidated C.A. No. 16729, 2001 Del Ch. LEXIS 5, *11 (Del. Ch. Jan. 5, 2001) (hereinafter In re Freeport-McMoran).

FN3 See Sinclair Oil Corp. v. Levien, 280 A.2d 717, 720 (Del. 1971); Nixon v. Blackwell, 626 A.2d 1366 (Del. 1992); Official Committee of the Unsecured Creditors of Color Tile, Inc.v. Investcorp S.A., 137 F.Supp.2d 502, 508 (S.D.N.Y. 2001).

FN4 See Emerald Partners, 726 A.2d at 1222-23.

FN5 See In re Freeport-McMoran, 2001 Del. Ch. LEXIS; Emerald Partners v. Berlin, 2001 Del. Ch. LEXIS 20, *1 (Del. Ch. Feb. 7, 2001).

FN6 See Weinberger v. UOP, Inc., 457 A.2d 701, 711 (Del. 1983).

FN7 In Lynch v Vickers Energy Corp., 383 A.2d 278, 279 (Del. 1977), the court stated that a majority shareholder has a duty of disclosure to the minority shareholders, stating that the “duty is one of complete candor and flows from the controlling shareholder’s overriding obligation of fair dealing.”

FN8 See Unocal Corp. v. Mesa Petroleum Co., 493 A.2d 946, 957 (Del. 1985); Cheff v. Mathes, A.2d 548, 554-56 (Del. Ch. 1964).

FN9 See Blackwell, 626 A.2d at 1379-80.