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ELSTER v. AMERICAN AIRLINES

106 A.2d 202 (1954)

ELSTER v. AMERICAN AIRLINES, Inc.

Court of Chancery of Delaware, New Castle.

June 14, 1954.

Attorney(s) appearing for the Case

Robert C. Barab, Wilmington, and William E. Haudek (of Pomerantz, Levy & Haudek), New York City, for plaintiff.

Richard F. Corroon (of Berl, Potter & Anderson), Wilmington, and Malcolm A. MacIntyre and Harold M. Childers (of Debevoise, Plimpton & McLean), New York City, for defendant.

BRAMHALL, Vice-Chancellor.

The facts of this case are more fully set forth in a former opinion dated October 14, 1953, to be found in 100 A.2d 219. It is sufficient to say here that the amended complaint attacks certain stock options issued by defendant to its executive and supervisory employees on or about May 21, 1952, upon the sole ground that such options constitute gifts of defendant's assets

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