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GLASSBERG v. BOYD

Civ. No. 570.

116 A.2d 711 (1955)

Elliot F. GLASSBERG, as Executor of the Last Will and Testament of Morris Glassberg, Deceased, Plaintiff, v. Howard BOYD, Lindsay Bradford, C. C. Cragin, A. R. Grambling, Paul Kayser, Frank Liddell, C. L. Perkins, H. F. Steen, D. H. Tucker, W. J. K. Vanston, Fred T. Wagner, Western Natural Gas Company and El Paso Natural Gas Company, Defendants.

Court of Chancery of Delaware, New Castle.

September 14, 1955.

Attorney(s) appearing for the Case

Robert C. Barab, Wilmington, and Milton Paulson, New York City, for plaintiff.

Killoran & Van Brunt and Berl, Potter & Anderson, Wilmington, Mudge, Stern, Baldwin & Todd, New York City, and Daniel Moody, Austin, Tex., for all defendants except Western Nat. Gas Co.

Morris, James, Hitchens & Williams, Wilmington, for defendant, Western Nat. Gas Co.

MARVEL, Vice Chancellor.

Plaintiff, who is a stockholder of El Paso Natural Gas Company as the California executor of the estate of Morris Glassberg, brings two actions of a derivative nature against the directors of El Paso, a Delaware corporation. The complaint seeks an accounting of profits claimed to have been made by the individual defendants at the expense of their corporation, for damages sustained by the corporation...

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