WEINBERGER v. UNITED FINANCIAL CORP. OF CAL.


405 A.2d 134 (1979)

William B. WEINBERGER, Plaintiff, v. UNITED FINANCIAL CORPORATION OF CALIFORNIA, National Steel Corporation, E. A. Teague, F. M. Donahoe, A. N. Frank, Robert Setrakian, Joseph Blumlein, Lola McAlpin-Grant, Hernando Courtright, K. J. Bourguignon, F. A. Plemenos, J. P. Garling, Jr., and Ezra Solomon, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided July 30, 1979.


Attorney(s) appearing for the Case

William Prickett, Robert C. Carey, and Richard R. Wier, Jr., of Prickett, Sanders, Jones, Elliott & Kristol, Wilmington, and Wolf, Popper, Ross, Wolf & Jones, New York City, for plaintiffs.

Rodman Ward, Jr., of Skadden, Arps, Slate, Meagher & Flom, Wilmington, for defendant United Financial Corp.

Charles S. Crompton, Jr. and Donald J. Wolfe, Jr., of Potter, Anderson & Corroon, Wilmington, and Henry A. Morrow, Jr., of Thorp, Reed & Armstrong, Pittsburgh, Pa., for defendant National Steel Corp.


MARVEL, Chancellor:

Plaintiff, suing for himself as well as representatively on behalf of all other holders of common stock of United Financial Corporation similarly situated, brings this action for the granting of preliminary as well as permanent injunctive relief against the consummation of a proposed merger of the defendant United Financial Corporation into a wholly owned subsidiary of the defendant National Steel Corporation...

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