Sachs v. Seminole Oil & Gas Corp.

Seitz, Chancellor:

I first consider the exception of Management and of the Opposition to the Master’s conclusion that the proxies solicited by both groups should be counted. Both Management and Opposition renew their contention that in soliciting proxies the opposing group was guilty of material misrepresentations.

The Master’s report outlines the more important “misrepresentations” relied upon by the opposing factions. The Master then goes on to say that he assumes without deciding that the identified material employed on both sides was false and misleading in the respects charged. Thereafter…