BREED v. BARTON


74 A.D.2d 388 (1980)

Douglas M. Breed et al., as Shareholders of Shepard Niles Crane and Hoist Corporation, and All Others Similarly Situated, Appellants-Respondents, v. George T. Barton et al., Respondents-Appellants

Appellate Division of the Supreme Court of the State of New York, Third Department.

May 22, 1980


Attorney(s) appearing for the Case

Robert S. Lesher for appellants-respondents.

Hodgson, Russ, Andrews, Woods & Goodyear (Stephen H. Kelly of counsel), for respondents-appellants.

MAHONEY, P. J., MAIN, MIKOLL and CASEY, JJ., concur.


GREENBLOTT, J.

This action arises out of the merger on March 31, 1971, of Shepard Niles Crane and Hoist Corporation (Old Shepard) into Shepcan Corporation (Shepcan), a wholly owned subsidiary of Vulcan, Inc. (Vulcan). After the merger, Shepcan changed its name to Shepard Niles Crane and Hoist Corporation (New Shepard) and continued the business of Old Shepard.

Plaintiffs, minority shareholders of Old...

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