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ABELOW v. SYMONDS

156 A.2d 416 (1959)

Aida ABELOW and Helen G. Hamburg, Plaintiffs, v. Gardner SYMONDS et al., Defendants.

Court of Chancery of Delaware, New Castle.

November 25, 1959.

Attorney(s) appearing for the Case

Russell J. Willard, Jr., of Hastings, Lynch & Taylor, Wilmington, for plaintiffs.

Henry M. Canby and E. Norman Veasey, of Richards, Layton & Finger, Wilmington, for corporate defendants.

MARVEL, Vice Chancellor.

This action by holders of common stock of Midstates Oil Corporation as originally designed sought an order restraining the proposed sale by that corporation of its assets and properties to the defendant, Middle States Petroleum Corporation, the owner of 95.93% of the common stock of Midstates. The original complaint was filed on December 29, 1958, the eve of a stockholders' meeting called to approve such proposed sale of assets and consequent...

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