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TRANS WORLD AIRLINES, INC. v. STATE

183 A.2d 174 (1962)

TRANS WORLD AIRLINES, INC., a Delaware corporation, Defendant Below, Appellant, v. STATE of Delaware, on the relation of Louis B. PORTERIE, Plaintiff Below, Appellee.

Supreme Court of Delaware.

July 10, 1962.

Attorney(s) appearing for the Case

Aaron Finger (of Richards, Layton & Finger), Wilmington, for appellant; Cahill, Gordon, Reindel & Ohl, New York City, of counsel.

James M. Tunnell, Jr., and Andrew B. Kirkpatrick, Jr. (of Morris, Nichols, Arsht & Tunnell), Wilmington, for appellee.

SOUTHERLAND, Chief Justice, and WOLCOTT, Justice, and DUFFY, Judge, sitting.

SOUTHERLAND, Chief Justice.

In the court below relator Porterie petitioned for a writ of mandamus to permit inspection of the stock ledger of Trans World Airlines, Inc., a Delaware corporation (TWA). The court granted the writ, subject to conditions. TWA appeals. The facts are as follows:

TWA is one of the largest airlines of the country. Approximately 78% of its common stock is owned beneficially by Hughes Tool Company...

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