Temple v. Combined Properties Corp.

MARVEL, Chancellor:

Plaintiff, a former stockholder of the defendant Combined Properties Corporation, seeks in this individual and class action the granting of an order of rescission of the merger of the defendant Comprop, Inc. into the defendant Combined Properties Corporation, an act which allegedly improperly eliminated plaintiff and members of his class as stockholders of the latter corporation, as well as damages flowing from the alleged improper corporate act complained of.

Plaintiff has moved for the granting of partial summary judgment to the effect that the defendants Combined…