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LEVIEN v. SINCLAIR OIL CORPORATION

314 A.2d 216 (1973)

Francis S. LEVIEN, Plaintiff, v. SINCLAIR OIL CORPORATION and Sinclair Venezuelan Oil Company, Defendants.

Court of Chancery of Delaware.

December 26, 1973.

Attorney(s) appearing for the Case

Richard F. Corroon and Robert K. Payson of Potter, Anderson & Corroon, and Leroy A. Brill of Bayard, Brill & Handelman, Wilmington, and J. Lincoln Morris, Edward S. Cowen and 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.

DUFFY, Justice:1

This is a derivative action brought on behalf of Sinclair Venezuelan Oil Company (Sinven) against Sinclair Oil Corporation (Sinclair) and certain of its wholly-owned subsidiaries.2 The order entered after a separate trial on the issue of liability was affirmed in part by the Delaware Supreme Court, Levien v. Sinclair Oil Corporation, Del.Ch., 261 A.2d 911 ...

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