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MANNIX v. PLASMANET, INC.

C.A. No. 10502-CB.

CHRISTOPHER D. MANNIX, Petitioner, v. PLASMANET, INC., a Delaware corporation, Respondent.

Court of Chancery of Delaware.

Decided: July 21, 2015.

Attorney(s) appearing for the Case

Ronald A. Brown, Jr. , Marcus E. Montejo and John G. Day of PRICKETT, JONES & ELLIOTT, P.A., Wilmington, Delaware; Attorneys for Petitioner.

Martin S. Lessner , Elena C. Norman and Paul J. Loughman of YOUNG CONAWAY STARGATT & TAYLOR, LLP, Wilmington, Delaware; Alan M. Noskow of MANATT, PHELPS & PHILLIPS LLP, Washington, D.C.; Attorneys for Respondent.

MEMORANDUM OPINION

I. INTRODUCTION

In this appraisal proceeding, the surviving corporation has moved to dismiss a group of former stockholders, each of whom submitted an appraisal demand but has neither filed an appraisal petition nor joined this proceeding as a named party. Those former stockholders have entered...

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