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BRONSON v. BAGDAD COPPER CORPORATION

Civ. A. 960.

145 A.2d 216 (1958)

Edmond B. BRONSON, Plaintiff, v. BAGDAD COPPER CORPORATION, a corporation of the State of Delaware, Defendant.

Court of Chancery of Delaware, New Castle.

October 1, 1958.

Attorney(s) appearing for the Case

Aaron Finger, of Richards, Layton & Finger, Wilmington, and S. F. Peavey, Jr., New York City, for plaintiff.

James M. Tunnell, Jr., of Morris, Nichols, Arsht & Tunnell, Wilmington, and Roger W. Perry of Snell & Wilmer, Phoenix, Ariz., for defendant.

SEITZ, Chancellor.

By his complaint plaintiff seeks an adjudication that he is the equitable owner of certain shares of stock of the defendant corporation which it now purports to hold as treasury stock. Defendant has moved to dismiss the complaint for failure to state a claim and this is the decision thereon.

In early 1927, plaintiff suggested to Arizona Bagdad Copper Company ("Arizona Bagdad") a scheme by which...

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