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IN RE SYNCOR INTERN. SHAREHOLDERS LIT.

C.A. No. 20026.

857 A.2d 994 (2004)

In re SYNCOR INTERNATIONAL CORPORATION SHAREHOLDERS LITIGATION.

Court of Chancery of Delaware, New Castle County.

Decided: September 15, 2004.

Revised: September 16, 2004.

Attorney(s) appearing for the Case

Joseph A. Rosenthal, Carmella P. Keener, Rosenthal, Monhait, Gross & Goddess, P.A., Wilmington, DE; James S. Notis, Abbey Gardy, L.L.P., New York City; Shane T. Rowley, Faruqi & Faruqi, L.L.P., New York City, for the Plaintiffs.

Robert J. Katzenstein, David A. Jenkins, Smith, Katzenstein & Furlow, L.L.P., Wilmington, DE; Gordon A. Greenberg, Allan L. Schare, McDermott Will & Emery, L.L.P., Los Angeles, CA, for Defendant Monty Fu.

OPINION

LAMB, Vice Chancellor.

I.

Former common shareholders of Syncor International Corporation whose shares were exchanged for shares of common stock of another public company in a December 2002 merger, seek damages from Monty Fu, the founder and former Chairman of Syncor. The damage claim is that, as a result of the disclosure of alleged misconduct by Fu in prior years, Syncor was forced to renegotiate the terms of the merger, reducing...

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