Harman v. Masoneilan International, Inc.

MARVEL, Chancellor:

Plaintiff alleges in his complaint, which was filed on July 20, 1979, being an action brought for the alleged benefit of himself and all former public stockholders of Maso-neilan International, Inc., other than the defendants, their subsidiaries and affiliates, that he was the owner and holder of 17,100 common shares of such corporation prior to its merger into the defendant Worthington Corporation, a wholly-owned subsidiary of the defendant Studebaker-Worthington, Inc., which merger occurred on May 26, 1977, or over two years before this action was filed. Immediately prior…