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LEVIN v. METRO-GOLDWYN-MAYER, INC.

221 A.2d 499 (1966)

Philip J. LEVIN, Plaintiff, v. METRO-GOLDWYN-MAYER, INC., a Delaware Corporation, Defendant.

Court of Chancery of Delaware, New Castle.

June 14, 1966.

Attorney(s) appearing for the Case

S. Samuel Arsht, of Morris, Nichols, Arsht & Tunnell, Wilmington, and Murray Gurfein, of Goldstein, Judd & Gurfein, New York City, for plaintiff.

David F. Anderson, of Berl, Potter & Anderson, Wilmington, and Louis Nizer, of Phillips, Nizer, Benjamin, Krim & Ballon, New York City, for defendant.

MARVEL, Vice Chancellor.

Plaintiff, who is a director of the defendant Metro-Goldwyn-Mayer, Inc., claims to be the record holder of 112,510 shares of such corporation. Furthermore, according to his complaint, he and his wife own directly or indirectly a total of approximately 10% of defendant's currently issued and outstanding common stock. He seeks a restraining order against the filing with the Secretary of State of Delaware of a charter amendment effected by the...

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