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GRAHAM v. ALLIS-CHALMERS MANUFACTURING COMPANY

188 A.2d 125 (1963)

John P. GRAHAM and Yvonne M. Graham, on behalf of themselves and the other shareholders of Allis-Chalmers Manufacturing Company who may be entitled to intervene herein, Plaintiffs Below, Appellants, v. ALLIS-CHALMERS MANUFACTURING COMPANY et al., Defendants Below, Appellees.

Supreme Court of Delaware.

January 24, 1963.

Attorney(s) appearing for the Case

H. James Conaway, Jr., of Morford, Young & Conaway, Wilmington, and Marvin Katz and Harry Norman Ball, Philadelphia, Penn., for appellants.

George Tyler Coulson, of Morris, Nichols, Arsht & Tunnell, Wilmington, and Charles S. Quarles, of Quarles, Herriott & Clemons, Milwaukee, Wis., for individual defendants.

Richard F. Corroon, of Berl, Potter & Anderson, Wilmington, for Allis-Chalmers Manufacturing Co.

SOUTHERLAND, C. J., and WOLCOTT and TERRY, JJ., sitting.

WOLCOTT, Justice.

This is a derivative action on behalf of Allis-Chalmers against its directors and four of its non-director employees. The complaint is based upon indictments of Allis-Chalmers and the four non-director employees named as defendants herein who, with the corporation, entered pleas of guilty to the indictments. The indictments, eight in number, charged violations of the Federal anti-trust laws. The suit seeks...

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