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PANAMANIAN SECURITIES v. PUNTA ALEGRE SUGAR CORP.

159 A.2d 594 (1960)

PANAMANIAN SECURITIES, INCORPORATED, Plaintiff, v. PUNTA ALEGRE SUGAR CORPORATION, a Delaware corporation, Chase Manhattan Bank, a New York corporation, and Robert L. Cudd, Defendants.

Court of Chancery of Delaware, New Castle.

January 13, 1960.

Attorney(s) appearing for the Case

E. Dickinson Griffenberg, Jr., of Killoran and VanBrunt, Wilmington, for plaintiff.

S. Samuel Arsht, of Morris, Nichols, Arsht & Tunnell, Wilmington, pro se, for Morris, Nichols, Arsht & Tunnell and for his New York associates.

SEITZ, Chancellor.

The Delaware law firm of Morris, Nichols, Arsht and Tunnell, together with an out of state law firm (collectively referred to herein as "plaintiff's counsel") were allegedly employed by the plaintiff corporation to represent it in an action against certain defendants. After some preliminary maneuvering the subject matter of the case was settled by the parties to the action without the participation of plaintiff's counsel. Thereafter plaintiff's...

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