This action for an accounting of damages allegedly sustained by a corporate subsidiary as the result of actions of its parent and such parent's sole stockholder, taken in alleged breach of the rights of plaintiff's minority stockholders, was filed in 1962 by plaintiff Trans World Airlines, Inc., hereinafter referred to as TWA, against such parent, Hughes Tool Company, hereinafter referred to as Toolco,
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TRANS WORLD AIRLINES, INC. v. SUMMA CORP.
Civ. A. No. 1607.
374 A.2d 5 (1977)
TRANS WORLD AIRLINES, INC., Plaintiff, v. SUMMA CORPORATION and William R. Lummis, Delaware Ancillary Administrator of the Estate of Howard R. Hughes, Defendants.
Court of Chancery of Delaware, New Castle.https://leagle.com/images/logo.png
Submitted December 9, 1976.
Decided March 25, 1977.
On Motion For Reargument Submitted April 25, 1977.
Decided May 10, 1977.
Attorney(s) appearing for the Case
Louis J. Finger of Richards, Layton & Finger, Wilmington and Dudley B. Tenney of Cahill, Gordon & Reindel, New York City, for plaintiff.
James M. Tunnell, Jr., and Martin P. Tully of Morris, Nichols, Arsht & Tunnell, Wilmington, and Maxwell E. Cox of Davis & Cox, New York City, for defendants.
Court of Chancery of Delaware, New Castle.
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