DERMODY v. STICCO


191 N.J. Super. 192 (1983)

465 A.2d 948

WILLIAM DERMODY, PLAINTIFF, v. ELMER A. STICCO, MICHAEL R. ROSSI, JR., GEORGE L. HERBERT, DATRON SYSTEMS, INC., AND INTERNATIONAL CONTROLS CORP., DEFENDANTS.

Superior Court of New Jersey, Chancery Division Hudson County.

Decided May 5, 1983.


Attorney(s) appearing for the Case

Rabin & Silverman for plaintiff (by I. Stephen Rabin).

Kasen and Kraemer for defendants (by Waldron Kraemer).


CASTANO, J.S.C.

This class action, tried without a jury, arises out of a short form corporate merger in which a defendant corporation, owner of 90% of the stock of a subsidiary, acquired all of the remaining shares of the subsidiary and merged it with another wholly owned subsidiary pursuant to N.J.S.A. 14A:10-5 and N.J.S.A. 14A:10-7(4).

The issue before me is whether the minority shareholders...

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