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BLACK & DECKER CORP. v. AMERICAN STANDARD, INC.

Civ. A. Nos. 88-50 LON, 88-104 LON.

682 F.Supp. 772 (1988)

The BLACK & DECKER CORPORATION, a Maryland corporation, and B & D Acquisition Inc., a Maryland corporation, Plaintiffs, v. AMERICAN STANDARD, INC., a Delaware corporation, and Charles M. Oberly, III, Attorney General of the State of Delaware, and Michael E. Harkins, Secretary of State of State of Delaware, Defendants. Albert OMINSKY, Trustee, Edith Citron, Jerome S. Blumenthal, Harry Lewis and Stephen Dobrow, individually and on behalf of all others similarly situated, Plaintiffs, v. AMERICAN STANDARD, INC., William R. Boyd, Paul Bancroft, Richard M. Cyert, Dirk de Bruyne, Edward Donley, Louis Fernandez, James F. Lardner, Richard A. Lenon, William A. Marquard, Donal J. Phillips, Eugene J. Sullivan and William J. Young, Defendants.

United States District Court, D. Delaware.

March 16, 1988.

Attorney(s) appearing for the Case

Rodman Ward, Jr., Stephen P. Lamb, Edward P. Welch, David A. Margules, of Skadden, Arps, Slate, Meagher & Flom, Stephen D. Goldberg, of Theisen, Lank, Mulford & Goldberg, Wilmington, Del. (Robert E. Zimet (argued), Jay B. Kasner, Anne W. Crawford, of Skadden, Arps, Slate Meagher & Flom, New York City, George Beall, Mark D. Gately, Ty Cobb, of Miles & Stockbridge, Baltimore, Md., of counsel), for plaintiffs.

Jesse A. Finkelstein, Daniel A. Dreisbach, of Richards, Layton & Finger, Wilmington, Del. (John L. Warden (argued), Robert J. Katz, William R. Norfolk, Karen Ann Popp, Rena J. Moulopoulos, of Sullivan & Cromwell, New York City, of counsel), for defendant American Standard Inc.

A. Gilchrist Sparks, III, Kenneth J. Nachbar, Michael Houghton, and Robert J. Valihura, Jr., of Morris, Nichols, Arsht & Tunnell, Wilmington, Del., for defendants Oberly and Harkins.

Kevin Gross, of Morris, Rosenthal, Monhait & Gross, Wilmington, Del. (Harry A. Brachtl (argued), of Lowey, Dannenberg & Knapp, Joshua N. Rubin, Arthur Abbey, of Abbey & Ellis, New York City, of counsel), for class action plaintiffs.

OPINION

LONGOBARDI, District Judge.

On February 2, 1988, The Black & Decker Corporation ("Black & Decker") and B & D Acquisition Inc. ("B & D Acquisition" sometimes collectively referred to as "Black & Decker"), an indirect wholly-owned subsidiary, commenced a lawsuit against American Standard Inc. ("American Standard"), Charles M. Oberly, III, Attorney General of the State of Delaware, and Michael E. Harkins, Secretary of State of the...

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