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MICHELSON v. DUNCAN

386 A.2d 1144 (1978)

A. Elihu MICHELSON, Plaintiff, v. Louis C. DUNCAN et al., Defendants.

Court of Chancery of Delaware, New Castle County.

Decided February 15, 1978.

Attorney(s) appearing for the Case

Joseph A. Rosenthal, of Morris & Rosenthal, Wilmington, and Bertram Bronzaft, of Garwin & Bronzaft, New York City, for plaintiff.

Rodman Ward, Jr. and David B. Ripsom, of Prickett, Ward, Burt & Sanders, Wilmington, for defendant-Household Finance Corp.

A. Gilchrist Sparks, III, of Morris, Nichols, Arsht & Tunnell, Wilmington, for individual defendants.

HARTNETT, Vice Chancellor.

I

Plaintiff (Michelson) brought suit as a stockholder of Household Finance Corporation ("HFC"). Michelson, who sued derivatively on behalf of HFC, moved for and seeks partial summary judgment on the issue of liability of the individual defendants. The individual defendants, who are present and former members of HFC's Board of Directors and the corporate defendant (HFC), also moved for...

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