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KATZ v. BREGMAN

431 A.2d 1274 (1981)

Hyman KATZ, Plaintiff, v. Robert B. BREGMAN, John Arghyris, Alexander Grass, L. Eliel Fritz, Alan M. Morrison, Thomas E. Singer, Jonathan Churchill, Lawrence E. Brinn, Serge C. Naggar, Connie A. Cox and Plant Industries, Inc. a Delaware Corporation, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided April 20, 1981.

Attorney(s) appearing for the Case

William Prickett and Michael J. Hanrahan of Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, for plaintiff.

Jack B. Jacobs and Richard A. Levine of Young, Conaway, Stargatt & Taylor, Wilmington, for defendant Plant Industries, Inc.

MARVEL, Chancellor:

The complaint herein seeks the entry of an order preliminarily enjoining the proposed sale of the Canadian assets of Plant Industries, Inc. to Vulcan Industrial Packaging, Ltd., the plaintiff Hyman Katz allegedly being the owner of approximately 170,000 shares of common stock of the defendant Plant Industries, Inc., on whose behalf he has brought this action, suing not only for his own benefit as a stockholder but for the alleged benefit of all...

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