Cede & Co. v. Technicolor, Inc.

HORSEY, Justice:

I

Nature of Case

Prior Proceedings

Summary of Principal Holdings

This appeal from final judgment of the Court of Chancery encompasses consolidated suits: a first-filed Delaware statutory appraisal proceeding (the “appraisal action”), and a later-filed shareholders’ individual suit for rescissory damages for “fraud” and unfair dealing (the “personal liability action”) brought by plaintiffs, Cinerama, Inc. (“Cinerama”), a New York corporation, and Cede & Co. (“Cede”), the owner of record. The actions stem from a 1982-83 cash-out merger in which Technicolor, Incorporated…