TEMPLE v. COMBINED PROPERTIES CORP.


410 A.2d 1375 (1979)

James E. TEMPLE, Plaintiff, v. COMBINED PROPERTIES CORPORATION, a Delaware Corporation, and Comprop, Inc., a Delaware Corporation, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided December 28, 1979.


Attorney(s) appearing for the Case

R. Franklin Balotti and Donald A. Bussard of Richards, Layton & Finger, Wilmington, and Herbert E. Milstein of Kohn, Milstein & Cohen, Washington, D. C., for plaintiff.

Michael D. Goldman of Potter, Anderson & Corroon, Wilmington, and Burton A. Schwalb, Philip D. Green and Jeffrey Blumenfeld of Schwalb, Donnenfeld & Bray, Washington, D. C., for defendants.


MARVEL, Chancellor:

Plaintiff, a former stockholder of the defendant Combined Properties Corporation, seeks in this individual and class action the granting of an order of rescission of the merger of the defendant Comprop, Inc. into the defendant Combined Properties Corporation, an act which allegedly improperly eliminated plaintiff and members of his class as stockholders of the latter corporation, as well as damages flowing...

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