Stephen A. SOLOMON, TRV Holding Co., Melvin Ward, Caran E. Weinstein, Andrea Goldfarb, Trustees for the Eisenberg Children's Irrevocable Trust II, Plaintiffs,
v.
Anne L. ARMSTRONG, John H. Bryan, Wallace W. Creek, Thomas E. Everhart, Charles T. Fisher, III, William E. Hoglund, James P. Humphrey, J. Michael Losh, L. Willard Marriott, Jr., Ann D. McLaughlin, Paul H. O'Neill, Harry J. Pearce, Edmund T. Pratt, Jr., John G. Smale, John F. Smith, Jr., Louis W. Sullivan, Dennis Weatherstone, Thomas H. Wyman, General Motors Corp., and Electronic Data Systems Holding Corporation, Defendants.
Court of Chancery of Delaware, New Castle County.https://leagle.com/images/logo.png
Submitted: October 16, 1998.
Decided: March 25, 1999.
Attorney(s) appearing for the Case
Pamela S. Tikellis and Robert J. Kriner, Jr., of Chimicles & Tikellis LLP, Wilmington, DE; Irving Morris, of Morris and Morris, Wilmington, DE; Biggs & Battaglia, Wilmington, DE; of Counsel: Jeffrey C. Zwerling and Richard A. Speirs, of Zwerling, Schachter & Zwerling LLP, New York City; Joseph V. Sternberg, of Goodkind Labaton Rudoff & Sucharow LLP, New York City; Bizar Martin & Taub LLP, New York City; A. Arnold Gershon, P.C., New York City, for Plaintiffs.
R. Franklin Balotti and Lisa A. Schmidt, of Richards, Layton & Finger, Wilmington, DE; of Counsel: Robert J. Kopecky and Alex Dimitrief, of Kirkland & Ellis, Chicago, IL; Michael J. Basford, of (General Motors Corporation), Detroit, MI, for General Motors Corporation.
Michael Hanrahan and John H. Small, of Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, DE; of Counsel: Larry D. Carlson and Steve Schortgen, of Baker & Botts, L.L.P., Dallas, TX; G. Irvin Terrell and Joseph A. Cialone, II, of Baker & Botts, L.L.P., Houston, TX; Carol A. Jablonski, of (Electronic Data Systems Corporation), Plano, TX, for Nominal Defendant Electronic Data Systems Holding Corporation.
Grover C. Brown, of Morris, James, Hitchens & Williams, Wilmington, DE; of Counsel: Dennis J. Block, of Cadwalader, Wickersham & Taft, New York City; Stephen A. Radin, of Weil, Gotshal & Manges, LLP, New York City, for Defendants Anne L. Armstrong, John H. Bryan, Wallace W. Creek, Thomas E. Everhart, Charles T. Fisher III, William E. Hoglund, James P. Humphrey, J. Michael Losh, J. Willard Marriott, Jr., Ann D. McLaughlin, Paul H. O'Neill, Harry J. Pearce, Edmund T. Pratt, Jr., John G. Smale, John F. Smith, Jr., Louis W. Sullivan, Dennis Weatherstone and Thomas H. Wyman.
Court of Chancery of Delaware, New Castle County.
OPINION
CHANDLER, Chancellor.
TABLE OF CONTENTSI. BACKGROUND ..............................................................1106
II. PARTIES' CONTENTIONS ....................................................1109
A. PLAINTIFF'S CLAIMS ...................................................1109
B. DEFENDANTS' MOTION TO DISMISS ..............
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