GORDON v. MICHEL


297 A.2d 420 (1972)

Arthur GORDON and Hazel E. Berger, Plaintiffs, v. William C. MICHEL et al., Defendants.

Court of Chancery of Delaware, New Castle.

October 24, 1972.


Attorney(s) appearing for the Case

William E. Taylor, Jr., Wilmington, and Bennett Frankel, New York City, for plaintiffs.

Stanley W. Balick, Wilmington, for defendants David Brown and Richard D. Zanuck.

Richard Allen Paul, Wilmington, for defendants David Merrick and Seymour Poe.

Richard F. Corroon and Robert K. Payson, of Potter, Anderson & Corroon, Wilmington, for all other specially-appearing defendants.

S. Samuel Arsht, of Morris, Nichols, Arsht & Tunnell, Wilmington, for defendant Twentieth Century-Fox Film Corp.


DUFFY, Chancellor:

The issue for decision is a motion to quash and vacate a sequestration order which resulted in the seizure of certain property owned by the individual defendants.

A.

On June 4, 1971 plaintiffs commenced a stockholders' derivative suit against Twentieth Century-Fox Film Corporation, a Delaware corporation, its former and present directors, and David Merrick, alleging the breach of various fiduciary obligations by the individual...

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