Supreme Court of Delaware May 14, 1992 (Sonitrol Holding Co. v. Marceau Investissements)

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United States · · · 14-05-1992

MOORE, Justice.

Sonitrol Holding Company (“Sonitrol”) appeals a decision of the Court of Chancery permitting an investor, Marceau Investisse-ments (“Marceau”), to purchase 212,246 shares of Sonitrol Class B Stock as a consequence of Sonitrol’s failure to achieve certain financial results under an agreement with Marceau. We affirm that ruling.

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