Schneyer v. Shenandoah Oil Corporation

QUILLEN, Chancellor:

This case concerns a petition for appraisal rights asserted pursuant to 8 Del.C., § 262. Plaintiff is Alvin T. Schneyer (Schneyer), the record owner of 377 shares of common stock in Del Mar Petroleum, Inc., a Delaware corporation. 1 The defendant is Shenandoah Oil Corporation (Shenandoah), a Texas corporation, and it is the surviving corporation of a merger between Shenandoah and Del Mar. This is the decision of the Court on defendant’s motion to dismiss the complaint, this motion being based on plaintiff’s noncompliance with the time limits prescribed by the statute.

The…