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MAYER v. ADAMS

135 A.2d 119 (1957)

Lillie S. MAYER, Plaintiff, v. Kenneth S. ADAMS, H. M. Addinsell, F.W. Begrisch, T.S. Gay, P. J. Parker, Paul Endacott, Rayburn L. Foster, A. M. Hughes, J. L. Johnston, W. W. Keeler, H.E. Koopman, Stanley Learned, C. R. Musgrave, Phillip R. Phillips, W. C. Smoot, B.F. Stradley, R. W. Thomas, G. P. Dimit, Don Emery, G. G. Oberfell, F. E. Rice, Charles A. Lemp, Eugene E. Du Pont, Phillips Petroleum Company, Kenneth S. Adams, Jr., and Ada Oil Company, Inc., Defendants.

Court of Chancery of Delaware, New Castle County.

September 26, 1957.

Attorney(s) appearing for the Case

Clarence W. Taylor and Stewart Lynch, Wilmington, for plaintiff.

Robert H. Richards, Jr., and Stephen E. Hamilton, Jr., Wilmington and Clark Clifford of Clifford & Miller, Washington, D. C., for Phillips Petroleum Co. and all individual defendants other than Eugene E. duPont, Charles A. Lemp and Kenneth S. Adams, Jr.

Edwin D. Steel, Jr. and Harvey S. Kronfeld, Wilmington, for defendant, Ada Oil Co., Inc.

MARVEL, Vice Chancellor.

This action is admittedly one to enforce a secondary right, having been brought by a shareholder because Phillips Petroleum Company, a corporation in which plaintiff claims to have owned stock since in or about the year 1943, allegedly "* * * refuses to enforce rights which may properly be asserted by it." Accordingly all the requirements of Chancery Rule 23(b), Del. C.Ann. including the part pertaining to prior corrective efforts within the...

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