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SINGER v. MAGNOVOX COMPANY

367 A.2d 1349 (1976)

Louis S. SINGER and Mollie Singer, Plaintiffs, v. The MAGNOVOX COMPANY et al., Defendants.

Court of Chancery of Delaware, New Castle.

Decided October 26, 1976.

Attorney(s) appearing for the Case

Steven J. Rothchild and David B. Ripsom of Prickett, Ward, Burt & Sanders, Wilmington, and Kohn, Savett, Marion & Graf, Philadelphia, Pa., for plaintiffs.

David A. Drexler, Richard L. Sutton and William C. Anderson of Morris, Nichols, Arsht & Tunnell, Wilmington, for defendants.

BROWN, Vice Chancellor.

This suit was brought by two residents of Pennsylvania who claim to have been shareholders of the defendant, The Magnavox Company ("Magnavox"), at all relevant times up to the merger of Magnavox with a subsidiary corporation of the defendant North American Philips Corporation ("North American"). Their complaint asks that the merger be nullified and rescission directed as to all steps taken in furtherance or consummation thereof. Plaintiffs...

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