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BARON v. PRESSED METALS OF AMERICA

123 A.2d 848 (1956)

Harold K. BARON, Appellant, v. PRESSED METALS OF AMERICA, Inc., a Delaware corporation, and Frederick W. Richmond, Appellees.

Supreme Court of Delaware.

July 5, 1956.

Attorney(s) appearing for the Case

William E. Taylor, Jr., Wilmington, and Nathan B. Kogan, New York City, for appellant.

Fowler Hamilton, Cleary, Gottlieb, Friendly & Hamilton, New York City, and John P. Sinclair, Berl, Potter & Anderson, Wilmington, for appellees.

SOUTHERLAND, C. J., and WOLCOTT and BRAMHALL, JJ., sitting.

SOUTHERLAND, Chief Justice.

Plaintiff below, holder of 200 shares of common stock of Pressed Metals of America, Inc., a Delaware corporation, sued to enjoin a sale of certain assets of the corporation to the defendant, Frederick W. Richmond, on the ground that the consideration was grossly inadequate. The case was fully heard by the Vice Chancellor on depositions, testimony, and exhibits. The Vice Chancellor found that the terms of the sale were fair and that no breach...

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