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BURR v. BURR CORPORATION

291 A.2d 409 (1972)

Donald D. BURR et al., Plaintiffs, v. BURR CORPORATION, a Delaware corporation, et al., Defendants.

Court of Chancery of Delaware, New Castle.

May 10, 1972.

Attorney(s) appearing for the Case

Louis J. Finger, of Richards, Layton & Finger, Wilmington, for plaintiffs.

Hugh Corroon, of Potter, Anderson & Corroon, Wilmington, for defendants.

SHORT, Vice Chancellor:

This action was commenced pursuant to 8 Del.C. § 225 for a determination as to the validity of an election of certain directors of the Burr Corporation. Both parties have moved for summary judgment and this is the decision on those motions.

Each of the plaintiffs is a stockholder of Burr Corporation. Plaintiffs own and control in aggregate approximately 30% of issued and outstanding shares of the stock; in addition each of the...

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