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ASPEN ADVISORS v. UNITED ARTISTS THEATRE

No. 52, 2004.

861 A.2d 1251 (2004)

ASPEN ADVISORS LLC, Heartland Capital Corp. and Heartland Capital Corp. Pension Plan & Trust, Plaintiffs Below, Appellants, v. UNITED ARTISTS THEATRE COMPANY, Regal Entertainment Group, Anschutz Investment Group LLC, the Anschutz Corporation, Anschutz Investment Fund L.P. Uams, Inc., and Philip F. Anschutz, Defendants Below, Appellees.

Supreme Court of Delaware.

Decided November 23, 2004.

Attorney(s) appearing for the Case

Pamela S. Tikellis, Robert J. Kriner, Jr. (argued) and A. Zachary Naylor, Chimicles & Tikellis, Wilmington, DE, and Michael J. Freed, Much Shelist Freed Denenberg Ament & Rubenstein, P.C., Chicago, IL, for appellants.

William M. Lafferty (argued), Frederick H. Alexander and Susan D. Wood, Morris, Nichols, Arsht & Tunnell, Wilmington, DE, and Christopher J. Walsh and Andrew R. Shoemaker, Hogan & Hartson, L.L.P., Denver, CO, for appellees.

Before STEELE, Chief Justice, HOLLAND, BERGER, JACOBS and RIDGELY, Justices (constituting the Court en Banc).

HOLLAND, Justice:

This is an appeal from a final judgment of the Court of Chancery, dismissing the Amended Complaint of the plaintiffs-appellants, Aspen Advisors LLC, Heartland Capital Corp., and Heartland Capital Corp. Purchase Pension Plan and Trust. The plaintiffs are holders of Warrants to purchase Common Stock of United Artists Theatre Company for $10 per share ("Warrants"). The Amended Complaint asserts three counts...

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