Francis S. LEVIEN, Plaintiff,
v.
SINCLAIR OIL CORPORATION and Sinclair Venezuelan Oil Company, Defendants.
Court of Chancery of Delaware, New Castle.https://leagle.com/images/logo.png
November 9, 1972.
November 9, 1972.
Attorney(s) appearing for the Case
Richard F. Corroon and Robert K. Payson, of Potter, Anderson & Corroon, Wilmington, and J. Lincoln Morris and Edward S. Cowen, of Pollack & Singer, New York City, for plaintiff.
E. N. Carpenter, II and R. Franklin Balotti, of Richards, Layton & Finger, Wilmington, and Paul W. Williams, Floyd Abrams and Eugene R. Scheiman, of Cahill, Gordon, Sonnett, Rheindel & Ohl, New York City, for defendant Sinclair Oil Corp.
Victor F. Battaglia, of Biggs & Battaglia, Wilmington, for defendant Sinclair Venezuelan Oil Co.
Court of Chancery of Delaware, New Castle.
DUFFY, Chancellor:
The significant facts of this derivative action are stated in the opinion of the Delaware Supreme Court, Del.Supr., 280 A.2d 717 (1971), and in the opinion of this Court, Del.Ch., 261 A.2d 911 (1969). Following a separate trial limited to the issue of liability, Sinclair Oil Corporation (Sinclair) is now bound to account to its subsidiary, Sinclair Venezuelan Oil Company (Sinven...
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