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IN RE AMSTED INDUSTRIES, INC. LITIGATION

Civ. A. No. 8224.

521 A.2d 1104 (1986)

In re AMSTED INDUSTRIES, INCORPORATED LITIGATION.

Court of Chancery of Delaware, New Castle County.

Decided: December 17, 1986.

Attorney(s) appearing for the Case

Irving Morris of Morris & Rosenthal, Wilmington, for plaintiffs.

Harvey S. Kronfeld, Philadelphia, for plaintiff Barkan.

R. Franklin Balotti, Richards, Layton & Finger, Wilmington, and William Sterling, Wachtell, Lipton, Rosen & Katz, New York City, for defendants Wellington, Loman and Rasmussen.

Thomas J. Allingham, II, Skadden, Arps, Slate, Meagher & Flom, for all other defendants.

OPINION

ALLEN, Chancellor.

The pending motion to compel answers to discovery requires an elucidation of the standards that govern the availability and scope of discovery when sought in connection with opposition to the approval of a proposed settlement of a class action.

These consolidated actions were commenced as class actions and sought originally to enjoin or rescind a management-sponsored leveraged buyout involving defendant Amsted Industries...

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