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LIEBERMAN v. KOPPERS COMPANY, INC.

149 A.2d 756 (1959)

Bernard LIEBERMAN, Plaintiff, v. KOPPERS COMPANY, INC., Joseph Becker, Stanley N. Brown, Robert H. McClintic, Richard K. Mellon, Lawrence N. Murray, Robert S. Oelman, Arthur B. Van Buskirk, W. F. Munnikhuysen, Fred C. Foy, G. M. Walker, W. P. Arnold, W. C. Rueckel, Fred Denig, R. R. Holmes, B. J. C. van der Hoeven, H. B. Cummings, D. L. Eynon, G. W. Naylor, J. E. Spears, E. S. Ruffin, Jr., E. B. Shuck, E. A. Berry, M. T. Herreid, W. F. Perkins, Richard S. Rhodes, James M. Veeder, E. R. Hall, P. V. Martin, Owen Rice, Paul W. Bachman, F. L. Byrom, Douglas Grymes, F. H. Fischer, E. J. McGehee, Ralph Winslow, H. A. Denny, Carl Pottenger, Fred Rys, Frank Varga, James F. Haley, P. D. Shollar, C. G. Strang, J. L. Tunstead, M. S. Griffith, Jr., and S. K. Dee, Defendants.

Court of Chancery of Delaware, New Castle.

April 1, 1959.

Attorney(s) appearing for the Case

Irving Morris, Wilmington, Del., and Milton Paulson, New York City, for plaintiff.

James M. Tunnell, Jr., and George T. Coulson (of Morris, Nichols, Arsht & Tunnell), Wilmington, Del., for answering defendants.

MARVEL, Vice Chancellor.

Plaintiff, a stockholder of the defendant corporation, brings this derivative action to have declared invalid a so-called deferred compensation unit plan adopted by management and approved1 by the stockholders for the stated purpose of enabling the corporation "* * * to attract to and retain in its employment over the years persons of outstanding competence, and to promote the stockholder point of view among key...

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