Herbert MENDEL, individually and on behalf of a class of shareholders of Katy Industries, Inc., Plaintiffs,
v.
Wallace E. CARROLL, et al., Defendants.
PENSLER CAPITAL PARTNERS, I.L.P., a Delaware limited partnership, and Pensler Capital Corporation, a Delaware corporation, Plaintiffs,
v.
KATY INDUSTRIES, INC., a Delaware corporation, Wallace E. Carroll, Jr., et al., Defendants.
Court of Chancery of Delaware, New Castle County.https://leagle.com/images/logo.png
Date Submitted: March 17, 1994.
Date Decided: June 17, 1994.
Attorney(s) appearing for the Case
Brian P. Glancy, of Schlusser, Reiver, Hughes & Sisk, Wilmington, David B. Kahn and Mark E. King, Northfield, IL, and Charles Barnhill, of Davis, Miner, Barnhill & Galland, P.C., Madison, WI, for Herbert Mendel.
Grover C. Brown and Joseph C. Schoell, of Morris, James, Hitchens & Williams, Wilmington, and David T. Eames, of Bodian & Eames, New York City, for Pensler Capital Partners, I.L.P. and Pensler Capital Corp.
Kenneth J. Nachbar, Alan J. Stone and Michael L. Vild, of Morris, Nichols, Arsht & Tunnell, Wilmington, and Bartlit Beck Herman Palenchar & Scott, Chicago, IL, for defendants Wallace E. Carroll, Jr., Denis H. Carroll, Lelia Carroll Johnson, Philip E. Johnson and Arthur R. Miller.
Allen M. Terrell, Jr. and Allison L. Amorison, of Richards, Layton & Finger, Wilmington, for defendants William F. Andrews, C. Felix Harvey, John Stuart Hunt and Lutz Raettig.
Lawrence C. Ashby and Christopher S. Sontchi, of Ashby & Geddes, Wilmington, for defendants Doyle G. Berry, William H. Murphy, Charles W. Sahlman, Jacob Saliba, Reginald N. Whitman and Katy Industries, Inc.
Court of Chancery of Delaware, New Castle County.
OPINION
ALLEN, Chancellor.
The pending application for a mandatory preliminary injunction requires this court to revisit a subject dealt with, albeit not very completely, on an earlier application for a preliminary injunction. See Freedman v. Restaurant Assoc. Indus., Inc., Del.Ch., C.A. No. 9212, 1987 WL 14323, Allen, C. (Oct. 16, 1987). As in Freedman, the stockholder plaintiffs in these consolidated...
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