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LOENGARD v. SANTA FE INDUS.

70 N.Y.2d 262 (1987)

Richard O. Loengard, Jr., et al., Plaintiffs, v. Santa Fe Industries, Inc., et al., Defendants.

Court of Appeals of the State of New York.

Decided September 15, 1987.

Attorney(s) appearing for the Case

Sidney Bender, Aaron Lewittes, Janine L. Bender and Syma S. Levine for plaintiffs.

William R. Glendon, Guy C. Quinlan and Diane Boenig Cavanaugh for defendants.

Chief Judge WACHTLER and Judges SIMONS, ALEXANDER, TITONE and BELLACOSA concur; Judge KAYE taking no part.

HANCOCK, JR., J.

Plaintiffs were minority stockholders in Kirby Lumber Corp. on July 31, 1974 when Santa Fe Resources effected a Delaware short-form, freeze-out merger (Delaware Corporation Law § 253) as a result of which Kirby became a wholly owned subsidiary of Santa Fe Industries, Inc. (a detailed statement of the facts and procedural history of this case is...

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