Court of Chancery of Delaware March 8, 1965 (Alcott v. Hyman)

Herrmann, Justice:

The plaintiffs are stockholders of P. R. M., Inc., a Delaware corporation, the name of which was Associated Artists Productions Corp. (hereinafter “AAP”) at the time of the transaction here in question. The plaintiffs brought this action, individually and derivatively, to challenge the transaction whereby the defendant United Artists Associated, Inc.