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IN RE BEST LOCK CORP. LITIGATION

C.A. No. 16281.

845 A.2d 1057 (2001)

In re BEST LOCK CORPORATION SHAREHOLDER LITIGATION

Court of Chancery of Delaware, New Castle County.

Decided: October 29, 2001.

Attorney(s) appearing for the Case

Bruce L. Silverstein, Christian Douglas Wright, Danielle Gibbs, Esquires, of Young Conaway Stargatt & Taylor, LLP, Wilmington, Delaware; and R. Bruce McNew, Esquire, of Taylor & McNew, Wilmington, Delaware, Co-Lead Counsel for Plaintiffs.

A. Gilchrist Sparks, III, Alan J. Stone, David J. Teklits, Esquires, of Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware; of Counsel: Robert T. Markowski and David M. Kroeger, Esquires, of Jenner & Block, LLC, Chicago, Illinois, Counsel for Defendants.

OPINION

CHANDLER, Chancellor.

Plaintiffs Dennis Wood, Castillian Ventures, Inc., Cardinal Capital Management, James E. Mitchell, Mitchell Partners, L.P., Daniel F. Raider, and Edward McLaughlin assert both fiduciary duty and disclosure claims against defendants Best Lock Corporation ("BLC"), Best Universal Lock Company ("BUL"), and Frank E. Best, Inc. ("FEB") (each individually a "Best Company" and collectively the "Best Companies"), as well as Walter...

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