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DERDIGER v. TALLMAN

Civ.A. No. 17276.

773 A.2d 1005 (2000)

Howard DERDIGER, on behalf of himself and all others similarly situated, Plaintiff, v. Joseph P. TALLMAN, John R. Durant, M.D., Kinney L. Johnson, Richard C. Miller, Frank G. Washington and HBO & Company, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: July 20, 2000.

Attorney(s) appearing for the Case

Ronald A. Brown, Jr., Prickett, Jones & Elliott, Wilmington; Arthur T. Susman, Charles R. Watkins, Robert J. Emanuel, Susman & Watkins, Chicago, Illinois, of counsel, for plaintiff.

David C. McBride, Martin S. Lessner, Young, Conaway, Stargatt & Taylor, LLP, Wilmington; James E. Nesland, Peter A. Gergely, Cooley Godward, LLP, Denver, Colorado, of counsel, for defendants Joseph P. Tallman, John R. Durant, M.D., Kinney L. Johnson, Richard C. Miller and Frank G. Washington.

Anthony W. Clark, Paul J. Lockwood, Stephen D. Dargitz, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington; Jonathan J. Lerner, Skadden, Arps, Slate, Meagher & Flom, LLP, New York City, James E. Lyons, Skadden, Arps, Slate, Meagher & Flom, LLP, San Francisco, California, of counsel, for defendant HBO & Company.

OPINION

CHANDLER, Chancellor.

Plaintiff Howard Derdiger, a former stockholder of Access Health, Inc. ("Access" or the "Company"), purports to bring this action on behalf of himself and all other former Access stockholders, excluding defendants and their affiliates, who were entitled to vote on the December 10, 1998 merger between Access and defendant HBO & Company ("HBOC"). The five individual defendants, Joseph P. Tallman, John R. Durant, M.D...

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