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GELLER v. TABAS

462 A.2d 1078 (1983)

James GELLER and Bonnie Geller, Objectors to the Settlement Below, Appellants, v. Harriette TABAS, Lee Rappaport and Fran Rappaport, Beverlee Goldberg, Custodian for Jeffrey L. Goldberg, Morton B. Wapner, Isabel C. Heffler and Joseph H. Levit, Plaintiffs Below, Appellees, v. James M. CROSBY, John F. Crosby, Jr., William M. Crosby, I.G. Davis, Jr., David F. Edwards, John C. Miller and Henry B. Murphy, Defendants Below, Appellees, and Resorts International, Inc., Nominal Defendant Below, Appellee.

Supreme Court of Delaware.

Decided: May 25, 1983.

Attorney(s) appearing for the Case

David R. Simon (argued), and Gary M. Lanzara, of Simon & Allen, Newark, Joshua M. Twilley and Peter S. Feliceangeli of Twilley, Jones & Feliceangeli, Dover, for objectors-appellants.

William Prickett (argued), of Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, for plaintiffs-appellees.

Januar D. Bove (argued), and Henry E. Gallagher, Jr. of Connolly, Bove & Lodge, Wilmington, for individual defendants-appellees.

Donald J. Wolfe, Jr. (argued), and Michael D. Goldman of Potter, Anderson & Corroon, Wilmington, for nominal defendant-appellee Resorts Intern., Inc.

Before HERRMANN, C.J., McNEILLY and HORSEY, JJ.

McNEILLY, Justice:

This is an appeal by Objectors below, James and Bonnie Geller (Objectors) from the July 26, 1982 Order and Final Judgment of the Court of Chancery, approving the settlement of a class and derivative suit action brought on behalf of Resorts International, Inc., a Delaware corporation (Resorts).

Objectors' first argument in support of their appeal is that the notice of the proposed settlement which...

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