George ISAACS, Plaintiff,
v.
Louis FORER, Percy E. Landolt, John F. Daily, Jr., Sol Gelb, W. Keyser Manly, Julius Marks, Fred J. Bloempot, John McCrary, Jerry Finkelstein, Herman Perl, Stanley L. Bartels, Basic Atomics, Inc., a corporation of the State of Delaware, and Charlex Realty Corp., a corporation of the State of New York, Defendants.
Court of Chancery of Delaware, New Castle.https://leagle.com/images/logo.png
March 9, 1960.
March 9, 1960.
Attorney(s) appearing for the Case
Irving Morris, of Cohen & Morris, Wilmington, and Wolfe R. Charney, Louis C. Fieland and David Marcus, New York City, for plaintiff.
David F. Anderson, of Berl, Potter & Anderson, Wilmington, and Hartley La Chapelle, New York City, for defendant Basic Atomics, Inc.
Bruce M. Stargatt, of Morford, Young & Conaway, Wilmington, and Robert Haft, New York City, for defendants John McCrary, Jerry Finkelstein, Herman Perl, Stanley L. Bartels and Charlex Realty Corporation.
Arthur G. Logan and Aubrey B. Lank, Logan, Marvel, Boggs & Theisen, Wilmington, and Mortimer A. Shapiro, New York City, for objecting stockholder Sophia M. Palley.
Court of Chancery of Delaware, New Castle.
SEITZ, Chancellor.
This is the decision on the petition of Basic Atomics, Inc. ("Basic") that the above captioned stockholder's derivative action be dismissed with prejudice upon approval of a tendered settlement which has been the subject matter of a hearing before this court after due notice to the stockholders. Various stockholders sent communications to the court. Some of them oppose the settlement but their objections...
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