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LIFMANN v. ARONSON

212 A.2d 403 (1965)

Edward LIFMANN, Plaintiff-Below Appellant, v. Harry ARONSON, Lawrence M. Aronson, Morris Draft, Seymour Rady, Clifford L. J. Siegmeister, Ben Cole, Saul Rubin, Donald Pollack, Charles J. Schaniel, Abe Fell, M. F. Lewis, Herman Segall, and Waltham Watch Company, Defendants-Below Appellees.

Supreme Court of Delaware.

July 30, 1965.

Attorney(s) appearing for the Case

N. Maxson Terry, Dover, and James A. Thomas, Jr., of Lewis, MacDonald & Varian, New York City, for appellant.

Irving Morris and J. A. Rosenthal, of Cohen, Morris & Rosenthal, Wilmington, for appellees.

CAREY and HERRMANN, Justices, and STOREY, Judge, sitting.

CAREY, Justice.

This appeal filed by the plaintiff below seeks reversal of a summary judgment entered against him in the Court of Chancery on the ground of res judicata. The suit is a stockholder's derivative action against various officers and directors of Waltham Watch Company (Waltham). The complaint contains three counts, only two of which are here involved. They charge the defendants with having wrongfully caused Waltham to expend large sums of money for which...

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