IN RE MONY GROUP, INC. SHAREHOLDER LIT.

C.A. No. 20554.

853 A.2d 661 (2004)

In re The MONY GROUP, INC. SHAREHOLDER LITIGATION.

Court of Chancery of Delaware, New Castle County.

Decided: April 9, 2004.

Filed: April 12, 2004.

Revised: April 14, 2004.


Attorney(s) appearing for the Case

Joseph A. Rosenthal, Carmella P. Keener, Rosenthal, Monhait, Gross & Goddess, P.A., Wilmington, Delaware; Steven G. Schulman, Seth D. Rigrodsky, Ralph N. Sianni, Joseph N. Gielata, Milberg Weiss Bershad Hynes & Lerach LLP, Wilmington, Delaware and New York, New York; U. Seth Ottensoser, Timothy J. MacFall, Gregory M. Engelson, Bernstein Liebhard & Lifshitz, LLP, New York, New York; Emily C. Komlossy, Lynda Grant, Goodkind Labaton Rudoff & Sucharow LLP, New York, New York; Stephen T. Rodd, James S. Notis, Evan J. Kaufman, Abbey Gardy, LLP, New York, New York; for the Plaintiffs.

Allen M. Terrell, Jr., J. Travis Laster, Thad J. Bracegirdle, David A. Felice, Lisa A. Schmidt, Richards, Layton & Finger, P.A., Wilmington, Delaware; Harvey Kurzweil, Richard W. Reinthaler, James P. Smith, III, John E. Schreiber, Dewey Ballantine LLP, New York, New York, for The Mony Defendants.

David McBride, Adam W. Poff, Martin Lessner, Young Conaway Stargatt & Taylor LLP, Wilmington, Delaware; John H. Hall, Jeffrey I. Lang, Erik Bierbauer, Debevoise & Plimpton LLP, New York, New York, for Defendants AXA Financial, Inc. and AIMA Acquisition Co.


OPINION

LAMB, Vice Chancellor.

I.

On February 17, 2004, the court granted a preliminary injunction against a stockholder vote on a proposed merger agreement pending supplemental disclosures concerning payments under officer change-in-control agreements. A week later, the defendant directors postponed until May 18, 2004 the stockholder meeting at which the vote was scheduled to take place and established a new record date of April 8, 2004...

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