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NAGY v. BISTRICER

Civ. A. No. 18017.

770 A.2d 43 (2000)

Ernest J. NAGY, Plaintiff, v. David BISTRICER, Nachum Stein, Riblet Products Corporation, a Delaware corporation, and Coleman Cable Acquisition, Inc., a Delaware corporation, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: November 22, 2000.

Attorney(s) appearing for the Case

Andre G. Bouchard and Joel E. Friedlander, of Bouchard Margules & Friedlander, Wilmington, Delaware, for Plaintiff.

Anne C. Foster, J. Travis Laster, Michael J. Merchant, of Richards, Layton & Finger, Wilmington, Delaware; Dennis J. Block and Jason M. Halper, of Cadwalader, Wickersham & Taft, New York City, of counsel, for Defendants.

MEMORANDUM OPINION

STRINE, Vice Chancellor.

This opinion resolves motions in a case involving an extremely unusual merger agreement. Defendants David Bistricer and Nachum Stein negotiated the merger agreement (the "Merger Agreement") between Riblet Products Corporation ("Riblet") and Coleman Cable Acquisition, Inc. ("Coleman Acquisition"). Bistricer and Stein are the controlling stockholders and directors of both Riblet and Coleman Acquisition. They signed...

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