ROBERT M. BASS GROUP, INC., a Texas Corporation, Plaintiff,
v.
Edward P. EVANS, et al., Defendants.
In re MACMILLAN, INC. SHAREHOLDERS LITIGATION.
Court of Chancery of Delaware, New Castle County.https://leagle.com/images/logo.png
Submitted: June 29, 1988.
Decided: July 14, 1988.
Revised: July 18, 1988.
Attorney(s) appearing for the Case
Bruce M. Stargatt, Edward B. Maxwell, 2nd, David C. McBride (argued), Josy W. Ingersoll, Bruce L. Silverstein, and Melanie K. Sharp, of Young, Conaway, Stargatt & Taylor, Wilmington, Del., and Michael R. Klein (argued), Michael S. Helfer, A. Douglas Melamed, Richard W. Cass, David M. Becker, and Murray A. Indick, of Wilmer, Cutler & Pickering, Washington, D.C., William P. Hallman, Jr., Kevin G. Levy, Kelly, Hart & Hallman, Fort Worth, Tex., Phillip Gordon, Altheimer & Gray, Chicago, Ill., for plaintiff Robert M. Bass Group, Inc.
Joseph A. Rosenthal, of Morris, Rosenthal, Monhait & Gross, P.A., Wilmington, Del., and Richard Bemporad (argued), of Lowey, Dannenberg & Knapp, and Robert M. Kornreich, of Wolf, Popper, Ross, Wolf & Jones, New York City, for Class plaintiffs.
E. Norman Veasey, R. Franklin Balotti, Stephen E. Herrmann, Nathan B. Ploener, and James C. Strum, of Richards, Layton & Finger, Wilmington, Del., and Dennis J. Block (argued), Greg A. Danilow, and David Berger, of Weil, Gotshal & Manges, New York City, for defendants Macmillan, Inc., Edward P. Evans and William F. Reilly.
A. Gilchrist Sparks, III, and Kenneth J. Nachbar, of Morris, Nichols, Arsht & Tunnell, Wilmington, Del., and Bernard W. Nussbaum (argued), Paul K. Rowe, Andrew C. Houston, and Robert A. Ragazzo, of Wachtell, Lipton, Rosen & Katz, New York City, for Individual defendants other than Edward P. Evans and William F. Reilly.
Court of Chancery of Delaware, New Castle County.
MEMORANDUM OPINION
JACOBS, Vice-Chancellor.
Presently pending are motions by plaintiffs Robert M. Bass Group, Inc. ("Bass Group") and a class of public shareholders of Macmillan, Inc. ("Macmillan") to enjoin preliminarily a restructuring of Macmillan. These motions arise from separate actions (now consolidated) brought by various Macmillan shareholders against Macmillan and its directors on and after May 24, 1988, and by the Bass Group on June 6, 1988.<...
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