MAYER v. ADAMS


133 A.2d 138 (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. DuPont, Phillips Petroleum Company, Kenneth S. Adams, Jr., and Ada Oil Company, Inc., Defendants.

Court of Chancery of Delaware, New Castle.

June 14, 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.

Plaintiff, who claims to be the owner of 100 shares of the capital stock of Phillips Petroleum Company and to have been a Phillips stockholder since "in or about" 1943, brings this action on behalf of herself and all other stockholders similarly situated against Ada Oil Company, Inc., its president, Kenneth S. Adams, Jr., and the officers and directors of Phillips Petroleum Company holding office during the period from 1947 to the date of...

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