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NORTON v. DIGITAL APPLICATIONS, INC.

305 A.2d 656 (1973)

Thomas NORTON, Plaintiff, v. DIGITAL APPLICATIONS, INC., Defendant.

Court of Chancery of Delaware, New Castle.

March 14, 1973.

Attorney(s) appearing for the Case

Edward F. vonWettberg, 3d, of Morris, James, Hitchens & Williams, Wilmington, for plaintiff.

E. D. Giffenberg, Jr., of Potter Anderson & Corroon, Wilmington, for defendant.

DUFFY, Chancellor:

The issue before the Court is the right to vote escrowed and other shares of stock issued by defendant and registered in the name of plaintiff. This is the decision after final hearing.

A.

Digital Applications, Inc. (DAI), defendant, is a Houston based company which is in the business of manufacturing mechanical and electronic devices. In early 1972 DAI, unable to meet its payrolls and...

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