KLEINMAN v. SAMINSKY


200 A.2d 572 (1964)

Sidney C. KLEINMAN and Janice R. Kleinman, Objectors-below, Appellants, v. Hyman SAMINSKY and Betty Siegel, Trustee for Joan Siegel, Plaintiffs-below Appellees, and Charles C. Abbott et al., Defendants-below, Appellees.

Supreme Court of Delaware.

April 22, 1964.


Attorney(s) appearing for the Case

Frank J. Miller, of Walker, Miller & Wakefield, Wilmington, and Arthur T. Susman, Chicago, Ill., for objectors.

William E. Taylor, Jr., Wilmington, and Abraham L. Pomerantz and William E. Haudek, of Pomerantz, Levy, Haudek & Block, New York City, for plaintiffs.

James M. Tunnell, Jr., and William S. Megonigal, Jr., of Morris, Nichols, Arsht & Tunnell, Wilmington, and Alfred Jaretzki, Jr., and Marvin Schwartz, of Sullivan & Cromwell, New York City, for defendants.

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


WOLCOTT, Justice.

This is an appeal from the approval by the Chancellor of an agreement settling a derivative action brought on behalf of the ten Keystone Custodian Funds (hereafter "the Funds") against the Trustee of the Funds, Keystone Custodian Funds, Inc., (hereafter "Keystone"), its directors, and The Keystone Company of Boston (hereafter "Keystone of Boston"), a wholly-owned

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