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HEILBRUNN v. SUN CHEMICAL CORPORATION

150 A.2d 755 (1959)

Robert HEILBRUNN, Harriet Heilbrunn and Mathilda Heilbrunn, co-partners trading as Heilbrunn & Co., Jacques Coe, Fred Gutenstein, Joseph E. Sullivan, Jerome S. Weinberg (general partners, and Florence Coe (limited partner), co-partners trading as Jacques Coe & Co., Appellants, v. SUN CHEMICAL CORPORATION, a Delaware corporation, Ansbacher-Siegle Corporation, a New York corporation and Norman E. Alexander, Appellees.

Supreme Court of Delaware.

May 5, 1959.

Attorney(s) appearing for the Case

Irving Morris (of Cohen & Morris), Wilmington, and Edward Lee, New York City, for appellants.

Caleb S. Layton and Rodney M. Layton (of Richards, Layton & Finger), Wilmington, and Bruce A. Hecker (of Manning, Hollinger & Shea), New York City, for appellees.

SOUTHERLAND, C. J., and WOLCOTT and BRAMHALL, JJ., sitting.

SOUTHERLAND, Chief Justice.

This suit is brought by stockholders of Sun Chemical Corporation, a Delaware corporation, against Ansbacher-Siegle Corporation, a New York corporation, and Norman E. Alexander, President of Sun and owner of Ansbacher. Plaintiffs attack the validity of the purchase by Sun of all the assets of Ansbacker. The complaint states two grounds or causes of action: (1) that the transaction constituted a...

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