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BARON v. PRESSED METALS OF AMERICA

118 A.2d 360 (1955)

Harold K. BARON, Plaintiff, v. PRESSED METALS OF AMERICA, Inc., a Delaware corporation, and Frederick W. Richmond, Defendants.

Court of Chancery of Delaware, New Castle.

November 14, 1955.

Attorney(s) appearing for the Case

Robert C. Barab and Carl W. Mortenson, Wilmington, and Nathan B. Kogan, New York City, for plaintiff.

Berl, Potter & Anderson, of Wilmington, Cleary, Gottlieb, Friendly & Hamilton, New York City, and Watson & Inman, Port Huron, Mich., for corporate defendant.

MARVEL, Vice Chancellor.

Plaintiff's motion for reargument first lists factors allegedly not considered by the Court in giving "little weight" to the appraisal of Manufacturers Appraisal Company. These factors as they throw light on the values set forth in the appraisal, including assets of Acorn Products Company, were considered and have been reconsidered. They do not alter my conclusion that the appraisal was more an estimate of reproduction costs than a realistic...

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