In re RESORTS INTERNATIONAL SHAREHOLDERS LITIGATION APPEALS.
Supreme Court of Delaware.https://leagle.com/images/logo.png
Submitted: March 28, 1989.
Decided: January 26, 1990.
Attorney(s) appearing for the Case
Edward M. McNally (argued), and Lewis H. Lazarus of Morris, James, Hitchens & Williams, Wilmington, for appellant Class A Shareholder David Dion.
Avrom S. Fischer (argued), Pro Hac Vice, Brooklyn, N.Y., Henry Heiman of Heiman, Aber & Goldlust, Wilmington, Michael Coren, of counsel, of Krimsky, Levy, Angstreich, Finney, Mann & Burkett, P.C., Philadelphia, Pa., for Objector appellants Class B Shareholders Alvin Abrams, Net Worth Partners, Tobias Weiss, and G. Russell Schweiker.
Kenneth J. Nachbar (argued), and A. Gilchrist Sparks, III of Morris, Nichols, Arsht & Tunnell, Wilmington, for appellees George A. Bariscillo, Jr., William Druz and Mitchell Sviridoff.
Pamela S. Tikellis (argued), and Richard D. Greenfield of Greenfield & Chimicles, Wilmington, Liaison Counsel for Class A appellees.
Robert K. Payson of Potter, Anderson & Corroon, Wilmington, for appellees Resorts Intern., Inc., I.G. Davis, Robert D. Peloquin, H. Steven Norton, Matthew B. Kearney and John M. Donnelly.
Januar D. Bove, Jr. of Connolly, Bove, Lodge & Hutz, Wilmington, for appellees Thomas S. Murphy and Henry B. Murphy, As Executors of the Estate of James N. Crosby, Henry B. Murphy, Charles E. Murphy, William M. Crosby and John F. Crosby.
Fred Lowenschuss of Fred Lowenschuss Associates, Philadelphia, Pa., pro se.
David C. McBride and Bruce M. Stargatt of Young, Conaway, Stargatt & Taylor, Wilmington, Richard L. Posen of Willkie, Farr & Gallagher, New York City, for appellees Donald J. Trump, Robert S. Trump, Harvey I. Freeman, The Trump Hotel Corp. and The Trump Organization.
Before CHRISTIE, C.J., HORSEY and MOORE, JJ.
Supreme Court of Delaware.
HORSEY, Justice:
Two Class A and four Class B stockholders ("the objectors") of Resorts International, Inc. ("Resorts"), a Delaware corporation, contest an "Amended Settlement" of numerous consolidated class actions and derivative lawsuits filed by both Class A and Class B shareholders of Resorts. The shareholder suits encompass two separate takeover transactions. The first transaction involves Donald Trump's purchase of...
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