Sol A. DANN, Karl S. Horvath, Samuel S. Schwartzberg, Julius R. Reiver, lona P. Reiver, Ann Gelbard and Robert Markewich, Plaintiffs,
v.
CHRYSLER CORPORATION, a corporation of the State of Delaware, et al., Defendants.
Court of Chancery of Delaware, New Castle.https://leagle.com/images/logo.png
October 3, 1961.
October 3, 1961.
Attorney(s) appearing for the Case
Daniel O. Hastings, Clarence W. Taylor, and Russell J. Willard, Jr., of Hastings, Taylor & Willard, Wilmington, Lewis M. Dabney, Jr., New York City, and Dann, Rosenbaum & Bloom, Detroit, Mich., for plaintiffs.
Richard F. Corroon, of Berl, Potter & Anderson, Wilmington, for defendants Brady, Dodge, Jones, Love, McCollum, McElroy, McNeill, Page, Trippe and Warren.
James M. Tunnell, Jr., and S. Samuel Arsht, of Morris, Nichols, Arsht & Tunnell, Wilmington, for defendants Colbert, Jacobson, Leary, Misch, Quinn, Row, Townsend, and Woolson.
Daniel L. Herrmann, of Herrmann, Bayard, Brill & Gallagher, Wilmington, for defendants Ackerman, Bright and Laughna.
Aaron Finger and Robert H. Richards, Jr., of Richards, Layton & Finger, Wilmington, for defendant Chrysler Corp.
Clair John Killoran and Clyde England, of Killoran & VanBrunt, Wilmington, for defendants K. T. Keller and Robert Keller.
Albert W. James, of Morris, James, Hitchens & Williams, Wilmington, for defendant Minor.
William Prickett, Jr., of Prickett & Prickett, Wilmington, for defendant W. C. Newberg.
John J. Morris, Jr., of Morris, James, Hitchens & Williams, Wilmington, for defendant Nafi.
The other defendants are not subject to this court's jurisdiction.
Court of Chancery of Delaware, New Castle.
SEITZ, Chancellor.
This is a derivative action brought on behalf of Chrysler Corporation, a Delaware corporation, by certain of its shareholders. There are at present ninety-seven defendants some of whom were or are directors, officers, officials, or employees of the corporation. The balance of the defendants are firms supplying goods or services to Chrysler and certain persons connected with these companies who are accused of participating in frauds against the corporation...
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