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GAFFIN v. TELEDYNE, INC.

611 A.2d 467 (1992)

Benjamin GAFFIN, on behalf of himself and all other persons similarly situated, Appellant, v. TELEDYNE, INC., a corporate entity, Appellee.

Supreme Court of Delaware.

Decided: August 26, 1992.

Attorney(s) appearing for the Case

Thomas Herlihy, III, Herlihy, Harker & Kavanaugh, Wilmington, David Daar and Jeffery J. Daar, Daar & Newman, and Erwin Sobel (argued), Law Offices of Erwin Sobel, Los Angeles, Cal., for appellant.

A. Gilchrist Sparks, III (argued), Kenneth J. Nachbar, Morris, Nichols, Arsht & Tunnell, Wilmington, and Gregory R. Smith, Jonathan H. Steinberg and Robert G. Martin, Irell & Manella, Los Angeles, Cal. for appellee.

Before VEASEY, C.J., HORSEY and WALSH, JJ.

VEASEY, Chief Justice:

This is an appeal from a decision of the Court of Chancery awarding damages in the amount of $1 per share to the plaintiff class (the "class") arising from alleged equitable fraud in connection with the repurchase offer of defendant, Teledyne Inc. ("Teledyne") for its own common stock. The class appeals from that which it claims to be an inadequate award. Teledyne has cross-appealed only insofar as...

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