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COHN v. CROCKER NAT. CORP.

490 A.2d 569 (1985)

Richard M. COHN and Alan R. Kahn, as Trustee U/A2 of W/O Sterling D. Spero f/b/o Bertha K. Spero, Plaintiffs, v. CROCKER NATIONAL CORPORATION, Crocker National Bank, Midland Bank, p.l.c., and Midland California Holdings, Limited, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: February 7, 1985.

Attorney(s) appearing for the Case

Victor F. Battaglia, and Pamela S. Tikellis, Biggs & Battaglia, Wilmington, of counsel: Sidney B. Silverman, and Joan T. Harnes, Silverman & Harnes, New York City, for plaintiffs.

Michael D. Goldman, and James F. Burnett, Potter, Anderson & Corroon, Wilmington, of counsel: W. Foster Wollen, and Franklyn D. Fimball, Shearman & Sterling, New York City, for defendants, Midland Bank, p.l.c., and Midland California Holdings, Limited.

Richard L. Sutton, Paul P. Welsh, and Kenneth J. Nachbar, Morris, Nichols, Arsht & Tunnell, Wilmington, of counsel: Melvin R. Goldman, and Preston Moore, Morrison & Foerster, San Francisco, Cal., and Cheryl Lee Johnson, Los Angeles, Cal., for defendant, Crocker National Corp.

HARTNETT, Vice Chancellor.

Plaintiffs seek a preliminary injunction to prevent the submission to this Court of a proposed class action settlement which the parties in another case pending in this Court (Consolidated Civil Action No. 7405-NC, In Re Crocker Shareholders Litigation) are preparing to present to the Court for approval.

The plaintiffs in the present case, after several prior class action suits had...

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