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STEINBERG v. AMPLICA, INC.

Docket No. L.A. 32154.

42 Cal.3d 1198 (1986)

729 P.2d 683

233 Cal. Rptr. 249

DAVID J. STEINBERG, Plaintiff and Appellant, v. AMPLICA, INC., et al., Defendants and Respondents.

Supreme Court of California.

December 31, 1986.

Attorney(s) appearing for the Case

COUNSEL

William S. Lerach, Jan M. Adler, Steven W. Pepich, Milberg, Weiss, Bershad, Specthrie & Lerach, Robert A. Swift, David H. Marion and Kohn, Savett, Marion & Graf for Plaintiff and Appellant.

Robert L. Dunn, Rebecca A. Thompson, Bancroft, Avery & McAlister, Michael A. Greene, Michael K. Collins, Greenberg, Glusker, Fields, Claman & Machtinger, Manuel S. Klausner, Kindel & Anderson, Harold Marsh, Jr., Paul T. Dye, Gregg A. Farley, Brobeck, Phleger & Harrison, Douglas M. Schwab, Daniel E. Titelbaum and Heller, Ehrman, White & McAuliffe for Defendants and Respondents.

OPINION

MOSK, J.

The Corporations Code provides that the holder of shares in certain types of corporations may require the corporation to purchase his shares for fair market value if the corporation merges with another, and the shareholder dissents from the merger. (Corp. Code, §§ 1300, 1301.)1 The corporation must offer the dissenting shareholder a price which it determines

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