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FLICK v. EXXON CORP.

Docket No. 15116.

58 Cal.App.3d 212 (1976)

129 Cal. Rptr. 760

G.M. FLICK et al., Plaintiffs and Appellants, v. EXXON CORPORATION et al., Defendants and Respondents.

Court of Appeals of California, Third District.

May 13, 1976.

Attorney(s) appearing for the Case

COUNSEL

Asmundson & Tune, Vigfus A. Asmundson, Kenneth S. Tune, Van Tassell, Sullivan & Van Tassell and Vance J. Van Tassell for Plaintiffs and Appellants.

Downey, Brand, Seymour & Rohwer, John F. Downey, Joseph S. Genshlea, Albert P. Lindemann, Jr., McCutchen, Doyle, Brown & Enersen, William W. Schwarzer, John R. Reese, Sullivan & Cromwell, Roy H. Steyer, Robert M. Osgood and Jeffrey I. Zuckerman for Defendants and Respondents.

OPINION

REGAN, J.

This is a shareholders' derivative action brought by two shareholders of Exxon Corporation ("Exxon") against Exxon and its wholly owned subsidiary, Esso (Argentina), Inc. ("Esso"), and the directors and officers of Exxon who allegedly authorized and paid a $14.2 million ransom for Victor Samuelson, a corporate executive, kidnaped by Argentine terrorists.

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