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KAPLAN v. FENTON

278 A.2d 834 (1971)

Abraham KAPLAN, Administrator, C. T. A. of the Estate of Nat Gluck, Deceased, Plaintiff Below, Appellant, v. Martin FENTON, Jr., et al., Defendants Below, Appellees.

Supreme Court of Delaware.

June 2, 1971.

Attorney(s) appearing for the Case

Irving Morris, of Cohen, Morris & Rosenthal, Wilmington, Sidney B. Silverman and Jewel H. Bjork, New York City, for appellant; Henry M. Canby, of Richards, Layton & Finger, Wilmington, for Christiana Oil Company, Antonow, Fink, Gunther & Epstein, Chicago, Ill., of counsel.

S. Samuel Arsht, of Morris, Nichols, Arsht & Tunnell, Wilmington, for certain defendants; Richard F. Corroon, of Potter, Anderson & Corroon, Wilmington, for certain defendants.

WOLCOTT, C. J., and CAREY and HERRMANN, JJ., sitting.

WOLCOTT, Chief Justice:

This is an appeal from an order of the Court of Chancery dismissing the complaint in a stockholders' derivative action. The action was brought on behalf of Christiana Oil Company against the directors of Christiana and individuals who formerly owned Class B stock of Huntington Harbor Corporation.

Huntington owned a tract of low undeveloped land near Los Angeles, California. It had outstanding...

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