Barkan v. Amsted Industries, Inc.

WALSH, Justice:

This is an appeal from a Court of Chancery decision that approved the settlement of several class action lawsuits. The litigation arose out of a management-sponsored leveraged buyout (“MBO”) of all of the common stock of Amsted Industries, Inc. (“Amsted”) by members of Amsted’s management and a newly formed employee stock ownership plan (“ESOP”). Plaintiffs in four of the five class actions, together with the defendants below, appear as ap-pellees here to urge affirmance of the Court of Chancery’s decision. Another plaintiff-shareholder, Leonard Barkan (“Barkan”), appeals from…