CANADA SOUTHERN OILS v. MANABI EXPLORATION CO.


96 A.2d 810 (1953)

CANADA SOUTHERN OILS, Limited, v. MANABI EXPLORATION CO., Inc.

Court of Chancery of Delaware, New Castle.

May 15, 1953.


Attorney(s) appearing for the Case

John J. Morris, Jr., Howard L. Williams and Henry Van Der Goes (of Hering, Morris, James & Hitchens), Wilmington, and Coudert Brothers, New York City, for plaintiff.

Richard F. Corroon (of Berl, Potter & Anderson), Wilmington, for defendant.


SEITZ, Chancellor.

This is the decision on plaintiff's application for a preliminary injunction to prevent the issuance, transfer, or voting of certain shares of defendant's stock.

In deciding this matter the court was confronted with a veritable Niagara of words. However, a hard core of uncontradicted facts emerged which I have relied upon in arriving at my determination. Now to those facts.

Plaintiff corporation is engaged directly and through subsidiaries...

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