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U. S. DIMENSION PRODUCTS, INC. v. TASSETTE, INC.

290 A.2d 634 (1972)

U. S. DIMENSION PRODUCTS, INC. and Holmes Penn, Defendants Below, Appellants, v. TASSETTE, INC., a corporation organized under the laws of the State of Delaware, Plaintiff Below, Appellee.

Supreme Court of Delaware.

March 23, 1972.

Attorney(s) appearing for the Case

James M. Tunnell, Jr., David A. Drexler, and Joseph C. Kelly, of Morris, Nichols, Arsht & Tunnell, Wilmington, for defendants below, appellants.

Clarence W. Taylor and Russell J. Willard of Hastings, Taylor & Willard, Wilmington; Norman S. Ostrow, Hugh L. Elsbree, Jr., New York City, and Edward R. Leydon, of Royall, Koegel & Wells, New York City, for plaintiff below, appellee.

WOLCOTT, C. J., and CAREY and HERRMANN, JJ., sitting.

PER CURIAM:

This is an appeal from the Court of Chancery in which U. S. Dimension Products, Inc. and Holmes Penn, defendants below, ask us to reverse the lower Court's findings in favor of Tassette, Inc., plaintiff below, directing the return of 100,000 shares of Tassette's stock.

The pertinent facts are adequately set forth in the opinion of the Vice-Chancellor. The parties had made an agreement for the exchange of the Tassette stock for the outstanding shares...

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