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JOSEPH v. SHELL OIL CO.

482 A.2d 335 (1984)

Jane JOSEPH, et al., Plaintiffs, v. SHELL OIL COMPANY, et al., Defendants.

Court of Chancery of Delaware, In and For New Castle County.

Dated: May 8, 1984.

Revised: June 21, 1984.

Cover Page Revised: August 8, 1984.

Attorney(s) appearing for the Case

Joseph A. Rosenthal, Morris & Rosenthal, P.A., Wilmington, Del., Ralph L. Ellis, and Jill S. Abrams, Abbey & Ellis, Stephen Lowey, Lowey, Dannenberg & Knapp, P.C., Stanley Nemser, Lester L. Levy, and Stephen D. Oestreich, Wolf, Popper, Ross, Wolf & Jones, Harvey Greenfield, Sanford P. Dumain, Milberg, Weiss, Bershad, Specthrie & Lerach, and Daniel W. Krasner, Wolf, Haldenstein, Adler, Freeman & Herz, New York City, for plaintiffs.

R. Franklin Balotti, E. Norman Veasey, and Jesse A. Finkelstein, Richards, Layton & Finger, Wilmington, Del., for defendant-Shell Oil Co.

Richard L. Sutton, and William T. Allen, Morris, Nichols, Arsht & Tunnell, Wilmington, Del., and John R. Hupper, and Rory O. Millson, Cravath, Swaine & Moore, New York City, for defendant-SPNV Holdings, Inc.

HARTNETT, Vice Chancellor.

I

This action is a consolidation of six actions brought as class actions on behalf of the shareholders of defendant Shell Oil Company ("Shell"), a Delaware corporation. The suit attacks a tender offer made by defendant SPNV Holdings, Inc. ("SPNV"), a Delaware corporation, which was formed for the purpose of obtaining the shares of stock of Shell owned by minority shareholders. The majority...

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