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GIAMMALVO v. SUNSHINE MIN. CO.

No. 121, 1994.

644 A.2d 407 (1994)

Salvatore GIAMMALVO, Plaintiff Below, Appellant, and Elliott Associates, L.P., Intervenor Plaintiff Below, Appellant, v. SUNSHINE MINING COMPANY, G. Chris Anderson, G. Michael Boswell, Clement M. Brown, Raymond J. Dempsey, Fred C. Humphreys, Daniel D. Jackson and William H. Tilley, Defendants Below, Appellees.

Supreme Court of Delaware.

Decided: July 14, 1994.

Attorney(s) appearing for the Case

Norman M. Monhait of Rosenthal, Monhait, Gross & Goddess, Wilmington, for appellant.

Elizabeth M. McGeever of Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, for intervenor-appellant Elliott Associates, L.P.

Samuel A. Nolen of Richards, Layton & Finger, Wilmington, for appellees.

Robert K. Payson, Michael B. Tumas and Michael A. Pittinger of Potter, Anderson & Corroon, Wilmington, for movant Grace Holdings, LP.

Before WALSH, HOLLAND and HARTNETT, JJ.

HOLLAND, Justice:

The plaintiff-appellant, Salvatore J. Giammalvo ("Giammalvo"), brought this action against Sunshine Mining Company and certain of its directors (collectively "Sunshine Mining"). Giammalvo challenged, inter alia, Sunshine Mining's failure to redeem Cumulative Redeemable Preferred Stock (the "Preferred Stock"). The Court of Chancery held that Sunshine Mining had not breached its contractual obligations to the holders of the Preferred Stock....

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