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SHRAGE v. BRIDGEPORT OIL CO.

71 A.2d 882 (1950)

SHRAGE (CENTRAL HANOVER BANK & TRUST CO., Intervener) v. BRIDGEPORT OIL CO., Inc.

Court of Chancery of Delaware, New Castle.

March 9, 1950.

Attorney(s) appearing for the Case

Arthur G. Connolly and Januar D. Bove, Jr., of Wilmington (Harry J. Halperin and

Samuel L. Scholer, of the firm of Halperin, Natanson & Scholer, of New York City, of counsel), for plaintiff and intervening plaintiff.

Hugh M. Morris, of the firm of Morris, Steel, Nichols & Arsht, Wilmington, for defendant.

SEITZ, Vice-Chancellor.

This is a decision after final hearing in a stockholder's suit attacking the fairness of a plan of dissolution. A preliminary injunction was denied in this matter in an opinion reported in Del.Ch., 68 A.2d 317.

At the time of dissolution the defendant corporation's assets fell into four groups:

(1) Interests in oil and gas producing leases, equipment used in connection therewith or allocated thereto, and royalty interests;<...

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