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TEXACO, INC. v. PHOENIX STEEL CORPORATION

264 A.2d 523 (1970)

TEXACO, INC., a Delaware corporation, Plaintiff, v. PHOENIX STEEL CORPORATION, a Delaware corporation, and Allied Chemical Corporation, a New York corporation, Northern Delaware Industrial Development Corporation, a Delaware corporation, and Farmers Bank of the State of Delaware, Defendants.

Court of Chancery of Delaware, New Castle.

March 24, 1970.

Attorney(s) appearing for the Case

James M. Tunnell, Jr., and Paul P. Welsh, of Morris, Nichols, Arsht & Tunnell, Wilmington, for plaintiff.

Ernest S. Wilson, Jr., and William J. Alsentzer, Jr., Wilmington, for defendants Phoenix Steel Corp. and Northern Delaware Industrial Development Corp.

William Poole, of Potter, Anderson & Corroon, Wilmington, for defendant Allied Chemical Corp.

Henry M. Canby and Martin I. Lubaroff, of Richards, Layton & Finger, Wilmington, for defendant Farmers Bank of State of Delaware.

DUFFY, Chancellor:

The question for decision is whether plaintiff, Texaco, Inc. (Texaco), is entitled to production by defendant Phoenix Steel Corporation (Phoenix), of an opinion letter of counsel and a memorandum prepared by house counsel.1

I

The first document is a letter opinion dated February 6, 1956, by E. N. Carpenter, II, of the law firm of Richards, Layton & Finger, Wilmington, relating to title to certain...

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