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LYNAM v. LIVINGSTON

Civ. A. No. 3062.

276 F.Supp. 104 (1967)

Joan G. LYNAM, Plaintiff, v. Julius LIVINGSTON and Livingston Oil Company, Defendants.

United States District Court D. Delaware.

Rehearing Denied November 14, 1967.

Attorney(s) appearing for the Case

William T. Lynam, III, Wilson & Lynam, Wilmington, Del., for plaintiff.

H. Albert Young, H. James Conaway, Jr., and Edward B. Maxwell, 2nd, Young, Conaway, Stargatt & Taylor, Wilmington, Del., for defendant Julius Livingston.

Louis Finger, Richards, Layton & Finger, Wilmington, Del., for defendant Livingston Oil Company.

OPINION

STEEL, District Judge.

This action is brought by a stockholder of Livingston Oil Company, the nominal defendant, against Julius Livingston, an officer and director of the company, the real defendant. The action is before the Court upon the motion of the individual defendant for summary judgment as to Claim 1. The parties have stipulated that the motion involves only issues of law.

Claim 1 alleges that Livingston purchased and sold within...

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