Magner v. One Securities Corp.

Ellington, Judge.

Richard E. Magner and the Magner Family, LLC appeal from the superior court order granting summary judgment to One Securities Corporation (“OSC”) and Benefit Plan Services, Inc. (“BPS”) in this declaratory judgment action. Appellees OSC and BPS sought a declaration establishing whether Magner or the LLC preserved any right of dissent to mergers which cashed out Magner’s minority shareholder interest in the corporations. In the event the court concluded such dissenters’ rights existed, OSC and BPS asked for a judicial appraisal of the value of that interest. Magner and the LLC…