P. T. CHEFF, Katharine N. Cheff, Edgar P. Landwehr, Defendants Below, Appellants,
v.
Anne J. MATHES and Harry Lewis, Plaintiffs Below, Appellees,
v.
Robert H. TRENKAMP, George Spatta, Ralph C. Boalt, John D. Ames, Motor Products Corporation and Holland Furnace Company, Defendants Below.
Robert H. TRENKAMP, Defendant Below, Appellant,
v.
Anne J. MATHES and Harry Lewis, Plaintiffs Below, Appellees, and
Holland Furnace Company, Defendant Below, Appellee.
Supreme Court of Delaware.https://leagle.com/images/logo.png
March 17, 1964.
March 17, 1964.
Attorney(s) appearing for the Case
James M. Tunnell, Jr., and David A. Drexler, of Morris, Nichols, Arsht & Tunnell, Wilmington (Hathaway, Latimer, Clink & Robb, Muskegon, Mich., of counsel), for P. T. Cheff, Katharine N. Cheff and Edgar P. Landwehr.
David F. Anderson and Richard L. McMahon, of Berl, Potter & Anderson, Wilmington (Robert H. Trenkamp and Malcolm C. Douglas, Trenkamp & Bovington, Cleveland, Ohio, of counsel), for Robert H. Trenkamp.
Irving Morris, of Cohen & Morris, Wilmington (Charles Trynin, New York City, of counsel), for Holland Furnace Co.
William E. Taylor, Jr., Wilmington, Sidney L. Garwin, New York City (Samuel M. Koenigsberg, Newark, N. J., of counsel), for Anne J. Mathes and Harry Lewis.
TERRY, C. J., and WOLCOTT and CAREY, JJ., sitting.
Supreme Court of Delaware.
CAREY, Justice.
This is an appeal from the decision of the Vice-Chancellor in a derivative suit holding certain directors of Holland Furnace Company liable for loss allegedly resulting from improper use of corporate funds to purchase shares of the company. Because a meaningful decision upon review turns upon a complete understanding of the factual background, a somewhat detailed summary of the evidence is required.
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