KRAMER v. WESTERN PACIFIC INDUSTRIES


546 A.2d 348 (1988)

Larry KRAMER, Plaintiff Below, Appellant, v. WESTERN PACIFIC INDUSTRIES, INC., Howard A. Newman and William C. Scott, Defendants Below, Appellees.

Supreme Court of Delaware.

Decided: August 22, 1988.


Attorney(s) appearing for the Case

Sidney B. Silverman (argued), Pro Hac Vice, and Harold B. Obstfeld, of counsel, of Silverman and Harnes, New York, and Pamela S. Tikellis of Greenfield & Chimicles, Wilmington, for appellant.

David A. Drexler (argued) and Kenneth J. Nachbar of Morris, Nichols, Arsht & Tunnell, Wilmington, for appellees.

Before HORSEY, MOORE and WALSH, JJ.


HORSEY, Justice:

In this corporate matter we consider once again the consequences of a cash-out merger upon the standing of a shareholder to pursue a claim of wrongdoing against management. Plaintiff, Larry Kramer, owner of 200 shares of common stock of defendant, Western Pacific Industries, Incorporated ("Western Pacific"), prior to a merger of Western Pacific into Danaher Corporation ("Danaher"), appeals the Court of Chancery's dismissal of his pre-merger suit for...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases