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GOTTLIEB v. HEYDEN CHEMICAL CORPORATION

99 A.2d 507 (1953)

GOTTLIEB v. HEYDEN CHEMICAL CORPORATION.

Court of Chancery of Delaware, New Castle.

October 8, 1953.

Attorney(s) appearing for the Case

Robert C. Barab, Wilmington, for plaintiff.

Richard F. Corroon, of Berl, Potter & Anderson, Wilmington, Harmon Duncombe and George Rowe, Jr., New York City, for defendant.

SEITZ, Chancellor.

This is the decision after final hearing in an action by a minority stockholder seeking to enjoin the defendant corporation from recognizing certain stock option agreements entered into with seven corporate officers under a stock option plan. The options in question were authorized by the directors and ratified by a majority of the stockholders at the time the option plan itself was also ratified.

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