KIDSCO INC. v. DINSMORE

Civil Action Nos. 14649, 14657 and 14684.

674 A.2d 483 (1995)

KIDSCO INC., and Softkey International, Inc., Plaintiffs, v. William A. DINSMORE III, Maurice J. Duca, John W. Glynn Jr., Nywood Wu, William R. Rauth III, The Learning Company and Broderbund Software, Inc., Defendants. Ernest HACK and Irving Kas, Plaintiffs, v. The LEARNING CO., et al., Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: November 22, 1995.

Revised: December 4, 1995.


Attorney(s) appearing for the Case

Pamela S. Tikellis, James C. Strum and Robert J. Kriner, Jr., of Chimicles, Jacobsen & Tikellis, Wilmington; Wolf, Haldenstein, Adler, Freeman & Herz, L.L.P.; and Abbey & Ellis, New York City; and Law Offices of Charles J. Piven, Baltimore, Maryland, for Class Plaintiffs in Civil Actions 14657 and 14684.

Richard D. Allen and Kurt M. Heyman, of Morris, Nichols, Arsht & Tunnell, Wilmington, and Paul Vizcarrondo, Jr., Theodore N. Mirvis, Paul K. Rowe, Miriam P. Longchamp, and Gregory P. Taxin, of Wachtell, Lipton, Rosen & Katz, New York City; and John F. Cannon, of Stradling, Yocca, Carlson & Rauth, Newport Beach, California, for The Learning Company Defendants.

Bruce M. Stargatt and James P. Hughes, Jr., of Young, Conaway, Stargatt & Taylor, Wilmington; and David Steuer, of Wilson, Sonsini, Goodrich & Rosati, Palo Alto, California, for Defendant Broderbund Software, Inc.

Edward P. Welch and Andrew J. Turezyn, of Skadden, Arps, Slate, Meagher & Flom, Wilmington; and Stephen P. Lamb, of Law Offices of Stephen P. Lamb, Wilmington; and Jay B. Kasner, George A. Zimmerman, and Steven J. Kolleeny, of Skadden, Arps, Slate, Meagher & Flom, New York City, for Plaintiffs Kidsco Inc. and Softkey International Inc.


OPINION

JACOBS, Vice Chancellor.

Pending are motions for partial summary judgment and for a preliminary injunction in this action brought by Kidsco Inc. and its corporate parent, SoftKey International Inc. (collectively "SoftKey") against The Learning Company ("TLC"), TLC's directors, and Broderbund Software, Inc. ("Broderbund"). Joining in the motion for injunctive relief are the plaintiffs in two class actions brought by shareholders of TLC.

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