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Shamrock Holdings said the Delaware Supreme Court...

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Shamrock Holdings said the Delaware Supreme Court granted the Burbank firm a quick appeal of a Chancery Court judge’s ruling last week upholding the validity of a Polaroid Corp. employee stock plan. Shamrock, owned by the family of Roy E. Disney, has launched a hostile $2.4-billion bid to buy the shares in the Cambridge, Mass., instant photography company that it doesn’t already own. Shamrock wants to overturn the stock plan because it puts 14% of Polaroid’s stock into the hands of employees, which makes it difficult for Shamrock to acquire enough Polaroid stock to complete a merger under Delaware law.

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