PRICKETT v. AMERICAN STEEL AND PUMP CORPORATION


253 A.2d 86 (1969)

William PRICKETT, Receiver pendente lite of B. S. F. Company, a Delaware corporation, Plaintiff, v. AMERICAN STEEL AND PUMP CORPORATION, a Delaware corporation, Defendant.

Court of Chancery of Delaware, New Castle.

April 18, 1969.


Attorney(s) appearing for the Case

Irving Morris and Joseph A. Rosenthal, of Cohen, Morris & Rosenthal, Wilmington, Wolf, Popper, Ross, Wolf & Jones, New York City, for plaintiff.

Bruce M. Stargatt and Jack B. Jacobs, of Young, Conaway, Stargatt & Taylor, Wilmington, Murray I. Gurfein, of Goldstein, Gurfein, Shames & Hyde, New York City, for defendant.


DUFFY, Chancellor:

The Court's opinion of March 12, 1969 states the facts. 251 A.2d 576. After that opinion was filed, counsel briefed and argued the question as to the number of directors to be elected at the meeting of stockholders to be convened by the Master.1 This is the decision on plaintiff's motion for summary judgment.

The parties are agreed that under existing corporate regulations a...

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