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PETRICK v. B-K DYNAMICS, INC.

283 A.2d 696 (1971)

John F. PETRICK and Joseph Rogers, Plaintiffs, v. B-K DYNAMICS, INC., a corporation of the State of Delaware, et al., Defendants.

Court of Chancery of Delaware, New Castle.

October 27, 1971.

Attorney(s) appearing for the Case

William G. Campbell, of Bayard, Brill & Handelman, Wilmington, for plaintiffs.

Richard L. Sutton, of Morris, Nichols, Arsht & Tunnell, Wilmington, for defendants.

MARVEL, Vice Chancellor:

The original plaintiffs,1 whose combined holdings of stock of the defendant corporation constituted less than a majority2 of its issued and outstanding stock, sued individually and in their capacity as minority stockholders of such corporation. They principally sought injunctive relief against actions taken by the incumbent board of directors of the corporate defendant following their...

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