CITRON v. FAIRCHILD CAMERA & INSTRUMENT


569 A.2d 53 (1989)

Edith CITRON, Plaintiff Below, Appellant, v. FAIRCHILD CAMERA AND INSTRUMENT CORPORATION, Wilfred J. Corrigan, William C. Franklin, William A. Stenson, Walter Burke, Alvin C. Rice, C. Lester Hogan, Albert Bowers, Walter J.P. Curley, Schlumberger (California) Inc., Schlumberger Technology Corporation and Schlumberger Limited, Defendants Below, Appellants.

Supreme Court of Delaware.

Decided: December 22, 1989.


Attorney(s) appearing for the Case

Anthony L. Tersigni (argued) (Richard N. Gray, of counsel, of Meyers, Tersigni, Lurie, Feldman & Gray) New York City, Joseph A. Rosenthal, of Morris, Rosenthal, Monhait & Gross, P.A., Wilmington (Marian Rosner, of counsel, of Wolf, Popper, Ross, Wolf & Jones, New York City), for plaintiff below, appellant.

Kathleen M. Comfrey (argued), Joseph P. Cyr (Lawrence J. Slattery, of counsel, of Shearman & Sterling, New York City), H. Murray Sawyer, Jr., of Sawyer & Akin, P.A., Wilmington, for defendants below, appellants Albert Bowers, Walter J.P. Curley, William C. Franklin, Alvin C. Rice, and William Stenson.

Michael D. Goldman (argued), Donald J. Wolfe, Jr., Richard L. Horwitz, of Potter, Anderson & Corroon, Wilmington, for defendants below, appellants Fairchild Camera and Instrument Corp.

Steven J. Rothschild (argued), Andrew J. Turezyn, of Skadden, Arps, Slate, Meagher & Flom, Wilmington, for defendants below, appellants Wilfred J. Corrigan and C. Lester Hogan.

Richard R. Cooch, of Cooch & Taylor, Wilmington (Beveridge & Diamond, of counsel, Washington, D.C.), for defendant below, appellant Walter Burke.

Before HORSEY, MOORE, and HOLLAND, JJ.


HORSEY, Justice.

Plaintiff appeals from the Court of Chancery's decision after trial granting final judgment for the defendants on all claims for relief. Plaintiff, Edith Citron, brings a class action on behalf of all stockholders of Fairchild Camera and Instrument Corporation ("Fairchild"), a Delaware corporation, who sold their shares to Schlumberger (California) Inc. ("Schlumberger"), a Delaware corporation, pursuant to...

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