CHOKEL v. GENZYME CORPORATION


449 Mass. 272 (2007)

JEFFREY D. CHOKEL vs. GENZYME CORPORATION & others.

Supreme Judicial Court of Massachusetts, Suffolk.

June 4, 2007.


Attorney(s) appearing for the Case

John D. Donovan, Jr. (Robert G. Jones with him) for the defendants.

Robert C. Schubert (Douglas M. Brooks with him) for the plaintiff.

Present: Marshall, C.J., Greaney, Ireland, Spina, Cowin, & Cordy, JJ.


CORDY, J.

Jeffrey D. Chokel owned shares of Genzyme Corporation's biosurgery division tracking stock (biosurgery stock). On May 8, 2003, Genzyme announced the decision of its board of directors to exercise an exchange provision of Genzyme's articles of organization (articles), thereby triggering an exchange of the company's biosurgery stock for Genzyme general division stock. For purposes of the exchange, the fair market...

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