Braasch v. Galdi Securities Corp.

Short, Vice Chancellor:

This case is before the court on defendants’ motion to dismiss for failure to state a claim on which relief can be granted.

Plaintiffs are the owners of 5400 shares of the common stock of American Sumatra Tobacco Corporation (American Sumatra), a Delaware corporation. They here sue (1) individually on their own behalf; (2) representatively on behalf of all other stockholders of the corporation similarly situated, including those who sold their shares to the defendant N. V. Deli Maatschappij (Deli), a corporation of the Kingdom of the Netherlands, pursuant to an offer to…