PETER SCHOENFELD ASSET MANAGEMENT LLC v. SHAW, 840 A.2d 642 (Del. 2003)

PETER SCHOENFELD ASSET MANAGEMENT LLC, HUDSON VALLEY PARTNERS, L.P., THE MERGER FUND, LTD., SPHINX MERGER ARBITRAGE (THE MERGER), THE MERGER FUND, WCM PARTNERS, L.P. and ZURICH INSTITUTIONAL BENCHMARKS MASTER FUND LIMITED, on behalf of themselves and all others similarly situated, Plaintiffs Below, Appellants, v. JACK A. SHAW, LARRY D. HUNTER, MICHAEL J. GAINES, EDDY W. HARTENSTEIN, ROXANNE S. AUSTIN, JOSEPH R. WRIGHT, PATRICK J. COSTELLO, STEPHEN R. KAHN, JAMES M. HOAK, DENNIS F. HIGHTOWER and HUGHES ELECTRONICS CORPORATION, Defendants Below, Appellees.

No. 384, 2003.Supreme Court of Delaware.Submitted: December 16, 2003.
Decided: December 17, 2003.

Court of Chancery of the State of Delaware in and for New Castle County, C.A. No. 20087.

Before VEASEY, Chief Justice, HOLLAND, BERGER, STEELE and JACOBS Justices, constituting the Court en Banc.

ORDER
E. Norman Veasey, Chief Justice.

This 17th day of December 2003, upon consideration of the briefs of the parties, and their contentions in oral argument, it appears to the Court that the judgment of the Court of Chancery should be affirmed on the basis of and for the reasons set forth in its decision dated July 10, 2003.

NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of Chancery is AFFIRMED.