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NICKSON v. FILTROL CORPORATION

265 A.2d 425 (1970)

Richard E. NICKSON, Plaintiff, v. FILTROL CORPORATION, a Delaware corporation, Myron A. Bantrell, Ralph M. Haney, Leon A. Kahn, Harold W. Sanders and O. Milton Stout, Defendants.

Court of Chancery of Delaware, New Castle.

April 20, 1970.

Attorney(s) appearing for the Case

Henry M. Canby, Charles F. Richards, Jr., and Richard F. Balotti, of Richards, Layton & Finger, Wilmington, for plaintiff.

Richard L. Sutton and Paul P. Welsh, of Morris, Nichols, Arsht & Tunnell, Wilmington, for defendant Filtrol Corporation.

E. D. Griffenberg, Jr., of Potter Anderson & Corroon, Wilmington, for defendant Myron A. Bantrell and other individual defendants.

DUFFY, Chancellor.

This is a derivative action brought for the benefit of Filtrol Corporation, a Delaware corporation (Filtrol); many of the pertinent facts are stated in the Court's opinion dated January 27, 1970, 262 A.2d 267. The present issues arise out of plaintiff's continuing efforts to sequester shares of Filtrol stock in which, it is argued, Myron A. Bantrell (Bantrell), the principal defendant, has an interest.

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