CINERAMA, INC. v. TECHNICOLOR, INC.

No. 2, 1995.

663 A.2d 1156 (1995)

CINERAMA, INC., a New York corporation, Plaintiff Below, Appellant, v. TECHNICOLOR, INC., a Delaware corporation, Morton Kamerman, Arthur N. Ryan, Fred R. Sullivan, Guy M. Bjorkman, George Lewis, Jonathan T. Isham, MacAndrews & Forbes Group, Incorporated, a Delaware corporation, Macanfor Corporation, a Delaware corporation, and Ronald O. Perelman, Defendants Below, Appellees.

Supreme Court of Delaware.

Decided: July 17, 1995.

Rehearing Denied August 16, 1995.


Attorney(s) appearing for the Case

Robert K. Payson, Peter J. Walsh, Jr. and Arthur L. Dent of Potter, Anderson & Corroon, Wilmington, and Gary J. Greenberg (argued), New York City, for appellant Cinerama, Inc.

Rodman Ward, Jr., Thomas J. Allingham, II (argued), David J. Margules, Robert M. Omrod and R. Michael Lindsey of Skadden, Arps, Slate, Meagher & Flom, Wilmington, for appellees MacAndrews & Forbes Group, Inc., Macanfor Corp. and Ronald O. Perelman.

Stephen E. Herrmann, of Richards, Layton & Finger, Wilmington, for appellees Technicolor, Inc., Morton Kamerman, Arthur N. Ryan, Fred R. Sullivan, Guy M. Bjorkman, George Lewis and Jonathan T. Isham.

Before HOLLAND, J., RIDGELY, President Judge, and HORSEY, Justice, Retired.


HOLLAND, Justice:

Today's opinion completes a trilogy of decisions by this Court. The case involves claims by the plaintiff-appellant, Cinerama, Inc. ("Cinerama"), against the directors of Technicolor, Inc. ("Technicolor") and others. The issues presented relate to the sale of Technicolor to MacAndrews & Forbes Group, Inc. ("MAF") in a two-stage tender offer/merger transaction...

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