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WATKINS v. BEATRICE COMPANIES, INC.

560 A.2d 1016 (1989)

Bertha WATKINS, Ernest Brooks, III, Harold Sachs, Irving S. Hook, Stuart D. Wechsler, United Operating Company, Leonard Barkan, Sam Wietschner, Bernard Lowe, Ruth Rosenbluth, Peter Nemphos and Louis Nemphos, as joint tenants, Harry Lewis, the Martha & Regina Brand Foundation, Inc., Jean C. Osajda, SCB Co., Josephine Freeman, Robert A. Weiss, Louis Klein, Gary Slavik, Allan L. Kovacs, and Gertrude Flacks, Plaintiffs Below, Appellants, v. BEATRICE COMPANIES, INC., William W. Granger, Jr., Frank E. Grzelecki, David E. Lipson, Anthony Luiso, William S. Mowry, Richard J. Pigott, Angelo R. Arena, Bernard A. Monaghan, Omer G. Voss, Murray L. Weidenbaum, Alexander Brody, G.A. Costanzo, Walter J. Leonard, Goff Smith, James W. Cozad, Cedric E. Ritchie, William G. Karnes, Jayne B. Spain, Russell Wagner, J.E. Smilow, James L. Dutt, and Kohlberg, Kravis, Roberts & Co., Defendants Below, Appellees.

Supreme Court of Delaware.

Filed: May 23, 1989.

Attorney(s) appearing for the Case

Kevin Gross of Morris, Rosenthal, Monhait & Gross, Wilmington, for appellants.

Robert K. Payson and Donald J. Wolfe, Jr. of Potter, Anderson & Corroon, R. Franklin Balotti of Richards, Layton & Finger, and Craig B. Smith of Lassen, Smith, Katzenstein & Furlow, Wilmington, for appellees.

Before CHRISTIE, C.J., HORSEY and MOORE, JJ.

CHRISTIE, Chief Justice:

This appeal arises from an Order and Final Judgment of the Court of Chancery concerning the administration of the Stipulation and Agreement of Compromise and Settlement (the "Settlement") entered into as a resolution of consolidated stockholder class actions and derivative suits challenging a merger between Beatrice Companies, Inc. ("Beatrice"), a Delaware corporation, and BCI Holdings Corporation ("BCI"), a Delaware corporation. At issue...

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