SIMONS v. COGAN


549 A.2d 300 (1988)

Louise SIMONS, Plaintiff Below, Appellant, v. Marshall S. COGAN, Stephen D. Weinroth, Hansac, Inc., General Felt Industries, Inc. and Knoll International Holding, Inc., formerly known as GFI/Knoll International Holding Company, Knoll International, Inc., Defendants Below, Appellees.

Supreme Court of Delaware.

Decided: October 19, 1988.


Attorney(s) appearing for the Case

Robert Goldberg, of Biggs & Battaglia, Wilmington, Mitchell A. Kramer, Steven M. Steingard (argued) and Larry M. Keller, Esquire of Mitchell A. Kramer & Associates, Philadelphia, for appellant.

Allen M. Terrell, Jr. (argued) and Michael J. Feinstein, of Richards, Layton & Finger, Wilmington, and Phillip Smith, of Akin, Gump, Strauss, Hauer & Feld, Dallas, Tex., for appellees.

Before HORSEY, WALSH and HOLLAND, JJ.


WALSH, Justice:

This is an appeal from a decision of the Court of Chancery, 542 A.2d 785, granting a motion to dismiss a class action brought by Louise Simons ("Simons"), a holder of convertible subordinated debentures, against the issuing corporation, Knoll International, Inc. ("Knoll"), its controlling shareholder, Marshall S. Cogan ("Cogan"), and other related corporate constituents. Simons' complaint asserted claims based on violations...

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