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De ANGELIS v. SALTON/MAXIM HOUSEWARES

Civ. A. No. 12420.

641 A.2d 834 (1993)

Joseph DE ANGELIS and Mary Jane Regele, on behalf of themselves and all others similarly situated, Plaintiffs, v. SALTON/MAXIM HOUSEWARES, INC., Leonard Dreimann, David C. Sabin, William B. Rue, Dean Witter Reynolds, Inc. and Mesirow Financial Inc., Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: April 23, 1993.

Attorney(s) appearing for the Case

Thomas B. Hughes, and Brian P. Glancy, Schlusser Reiver Hughes & Sisk, Wilmington (Robert B. Matusoff, Gene Mesh and Associates, Cincinnati, of counsel), for plaintiffs.

Joseph A. Rosenthal, Rosenthal, Monhait, Gross & Goddess, P.A., Wilmington, for objectors.

Kenneth J. Nachbar, and Robert J. Valihura, Jr., Morris, Nichols, Arsht & Tunnell, Wilmington, for defendants.

HARTNETT, Vice Chancellor.

The proposed settlement of this class action is opposed by certain shareholders of defendant Salton/Maxim Housewares, Inc. ("Salton"). The Objectors are among the named plaintiffs in a similar, earlier-filed action in Illinois.

After considering all the circumstances, the Court, in exercising its business judgment, approves the proposed settlement.

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