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ARNOLD v. SOCIETY FOR SAV. BANCORP, INC.

No. 473, 1993.

650 A.2d 1270 (1994)

Robert H. ARNOLD, Plaintiff Below, Appellant, v. SOCIETY FOR SAVINGS BANCORP, INC., a Delaware Corporation, David T. Chase, Sanford Cloud, Jr., Lawrence Connell, Robert E. Green, Jerome H. Grossman, Betsy Henley-Cohn, Ronald D. Jarvis, Edward W. Large, Edward J. Okay, John F. Shea, Jr., Florian A. Stang, Jerry F. Stone, Jr., Bank of Boston Corporation, and BBC Connecticut Holding Corporation, Defendants Below, Appellees.

Supreme Court of Delaware.

Decided: December 28, 1994.

Attorney(s) appearing for the Case

William Prickett, Michael Hanrahan, and Ronald A. Brown, Jr. (argued), Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, for appellant.

A. Gilchrist Sparks, III (argued), and Seth D. Rigrodsky, Morris, Nichols, Arsht & Tunnell, Wilmington (Bingham, Dana & Gould, Boston, MA, of counsel), for appellees Bank of Boston Corp. and BBC Connecticut Holding Corp.

Jesse A. Finkelstein, Richards, Layton & Finger, Wilmington (Richard F. Ziegler (argued), Cleary, Gottleib, Stein & Hamilton, New York City, of counsel), for individual appellees.

Before VEASEY, C.J., and WALSH, HOLLAND, HARTNETT and BERGER, JJ., constituting the Court en Banc.

VEASEY, Chief Justice:

In this appeal from a judgment of the Court of Chancery in favor of defendants we consider the contention of plaintiff below-appellant Robert H. Arnold ("plaintiff") that the trial court erred in granting defendants' summary judgment motion and denying his own. This suit arose out of a merger (the "Merger") of BBC Connecticut Holding Corporation ("BBC"), a wholly-owned Connecticut subsidiary of Bank...

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