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SANDLER v. SCHENLEY INDUSTRIES

79 A.2d 606 (1951)

SANDLER v. SCHENLEY INDUSTRIES Inc., et al.

Court of Chancery of Delaware, New Castle.

March 13, 1951.

Attorney(s) appearing for the Case

William Marvel (of Morford, Bennethum, Marvel & Cooch), of Wilmington, for plaintiff.

Aaron Finger (of Richards, Layton & Finger), of Wilmington, and George W. Whiteside, Charles Pickett and Alan S. Kuller, of New York City, for defendant Schenley Industries, Inc.

Howard Duane, of Wilmington, and Irving M. Gruber, of New York City, for defendant John L. Leban.

WOLCOTT, Chancellor.

The plaintiff is the owner of 83 out of a total of 4,500,000 shares of capital stock of Schenley Industries, Inc., a Delaware corporation (hereinafter called "Schenley"). The action is brought to enjoin Schenley from carrying out the provisions of a contract to sell 20,000 shares of its stock to John L. Leban (hereinafter called "Leban").

In order to dispose of the motion for preliminary injunction it is necessary to state the facts as...

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