DIETER v. PRIME COMPUTER, INC.

C.A. No. 12025.

681 A.2d 1068 (1996)

Joseph DIETER and Josephine Dieter, Michael Stiefel, Richard M. Aghoian and Robert L. Driscoll, Plaintiffs, v. PRIME COMPUTER, INC., a Delaware corporation, DR Holdings, Inc., of Delaware, a Delaware corporation, DR Acquisition Corporation, a Delaware corporation, Russell E. Planitzer, Don E. Ackerman and Peter M. Castleman, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: May 24, 1996.


Attorney(s) appearing for the Case

Wayne N. Elliott, Michael Hanrahan, Bruce E. Jameson and John E. Tracey of Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, for Plaintiffs.

Jesse A. Finkelstein and Kevin G. Abrams of Richards, Layton & Finger, Wilmington (Greg A. Danilow of Weil, Gotshal & Manges, New York City, of counsel), for Defendants.


OPINION

STEELE, Vice Chancellor.

CONTENTIONS OF PARTIES

On June 27, 1991, Plaintiffs, Joseph and Josephine Dieter ("the Dieters"), filed a motion for class certification arising from an individual and class action claim against Defendants, Prime Computer, Inc. ("Prime"), DR Holdings, Inc. of Delaware ("Holdings"), DR Acquisition Corporation ("Acquisitions"), and three individual Defendants: Russell E. Planitzer ("Planitzer"), Don E. Ackerman...

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