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MUSCHEL v. WESTERN UNION CORPORATION

310 A.2d 904 (1973)

Herbert MUSCHEL et al., Plaintiffs, v. WESTERN UNION CORPORATION et al., Defendants.

Court of Chancery of Delaware.

August 10, 1973.

Attorney(s) appearing for the Case

David A. Drexler, and William H. Sudell, Jr., of Morris, Nichols, Arsht & Tunnell, Wilmington, and Howard G. Kristol, of Royall, Koegel & Wells, New York City, for plaintiffs.

Richard F. Corroon of Potter, Anderson & Corroon, Wilmington, and Milton Black, and John J. Witmeyer, III, of Mudge, Rose, Guthrie & Alexander, New York City, for defendants Western Union Corp. and Regrem, Inc.

Arthur G. Connolly, Jr., of Connolly, Bove & Lodge, Wilmington, and Robert L. Meyers, III, and Charles R. Johnson of Stalcup, Johnson, Meyers & Miller, Dallas, Tex., for defendant National Sharedata Corp.

BROWN, Vice Chancellor:

Plaintiffs are the record owners of 83,920 shares of the Defendant Western Union Corporation (hereafter referred to as Western Union) and claim to bring this action individually, derivatively on behalf of and for the benefit of Western Union, and representatively on behalf of all other shareholders of Western Union similarly situated. The Defendant Western Union and the Defendant Regrem, Inc. a wholly-owned subsidiary of Western Union are corporations...

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