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SPECTRUM HOLOBYTE CALIFORNIA, INC. v. STEALEY

Civ. No. Y-95-48.

885 F.Supp. 138 (1995)

SPECTRUM HOLOBYTE CALIFORNIA, INC. v. John W. STEALEY.

United States District Court, of Maryland.

May 9, 1995.

Attorney(s) appearing for the Case

John Henry Lewin, Baltimore, MD, and David M. Furbush, and Thomas H. Carlson, Palo Alto, CA, for plaintiff.

Richard D. Bennett and Joseph H. Hovermill, Baltimore, MD, for defendant.

MEMORANDUM OPINION

JOSEPH H. YOUNG, Senior District Judge.

In June, 1993, Spectrum Holobyte ("Spectrum") merged with Microprose Inc. ("Microprose"), a company co-founded by John Stealey. Pursuant to the merger, an Option Agreement was reached which allowed Spectrum to purchase up to one-half of the total number of shares in Microprose owned by Stealey if notice of exercise was given by December 18, 1994...

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