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KELLY v. BELL

254 A.2d 62 (1969)

Ella M. KELLY, and Wyndham, Inc., a corporation of the State of Delaware, Plaintiffs, v. Charles H. BELL et al., Defendants.

Court of Chancery of Delaware, New Castle.

May 15, 1969.

Attorney(s) appearing for the Case

Vincent A. Theisen, Aubrey B. Lank and William H. Uffelman, Jr., of Theisen, Lank & Kelleher, Wilmington, for plaintiffs.

James M. Tunnell, Jr., Andrew B. Kirkpatrick, Jr., and Richard L. Sutton, of Morris, Nichols, Arsht & Tunnell, Wilmington, for defendant United States Steel Corp.

William S. Potter, Richard F. Corroon and Charles S. Crompton, Jr., of Potter, Anderson & Corroon, Wilmington, for individual defendants.

DUFFY, Chancellor:

Ella M. Kelly and Wyndham, Inc., a Delaware corporation (plaintiffs), are stockholders of United States Steel Corporation, a Delaware corporation (U. S. Steel). They sue derivatively all persons who are now directors of U. S. Steel and/or who were directors in 1957 (defendants). Plaintiffs seek a money judgment for Steel's benefit upon the proposition that certain "machinery tax payments" made by the Corporation after 1957 to County and other local...

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