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HARMAN v. MASONEILAN INTERN., INC.

418 A.2d 1004 (1980)

M. Lowell HARMAN, Plaintiff, v. MASONEILAN INTERNATIONAL, INC., Studebaker-Worthington, Inc., Worthington Corporation, Derald H. Ruttenberg, P. L. Thibaut Brian, Richard D. Colburn, J. Robert Glomeau, Randolph H. Guthrie, Leslie T. Welsh and Marc E. Porter, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided July 3, 1980.

Attorney(s) appearing for the Case

Joseph A. Rosenthal of Morris & Rosenthal, P.A., Wilmington, and Wolf, Popper, Ross, Wolf & Jones, New York City, for plaintiff.

A. Gilchrist Sparks, III, of Morris, Nichols, Arsht & Tunnell, Wilmington, and Hale & Dorr, Boston, Mass., for defendant Masoneilan Intern., Inc.

Rodman Ward, Jr., and Carolyn Berger of Skadden, Arps, Slate, Meagher & Flom, Wilmington, for defendants Studebaker-Worthington, Inc. and Worthington Corp.

MARVEL, Chancellor:

Plaintiff alleges in his complaint, which was filed on July 20, 1979, being an action brought for the alleged benefit of himself and all former public stockholders of Masoneilan International, Inc., other than the defendants, their subsidiaries and affiliates, that he was the owner and holder of 17,100 common shares of such corporation prior to its merger into the defendant Worthington Corporation, a...

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