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SORNBERGER v. CHESAPEAKE & OHIO RAILWAY CO.

No. 388, September Term, 1989.

81 Md. App. 14 (1989)

566 A.2d 503

CHARLES SORNBERGER, ET AL., v. CHESAPEAKE AND OHIO RAILWAY COMPANY.

Court of Special Appeals of Maryland.

Certiorari Denied March 9, 1990.

Attorney(s) appearing for the Case

Andrew Jay Graham (Kevin F. Arthur and Kramon & Graham, P.A., on the brief), Baltimore, for appellants Midlantic and Rooke.

Benedict Bader (I. Walton Bader and Bader and Bader, on the brief), Ijamsville, for appellants, Charles Sornberger, et al.

Richard J. Magid (Wilbur D. Preston, Mara E. Schechter and Whiteford, Taylor & Preston, on the brief), Baltimore, for appellee.

Argued before GARRITY, KARWACKI and ROBERT M. BELL, JJ.

GARRITY, Judge.

In this matter, we shall focus upon the operation and effect of the Maryland appraisal statute which allows an owner of stock in a corporation, which consolidates or merges with another corporation, to receive payment based upon the fair value of the company rather than accept the offering price for its shares. This appeal is from a judgment of the Circuit Court for Baltimore City (Kaplan, J.) which granted the appellee's motions to dismiss several...

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