A. Jarvis WOOD and Nettie S. Wood, Plaintiffs, Appellants,
v.
COASTAL STATES GAS CORPORATION, Coastal States Gas Producing Co., Lo-Vaca Gathering Co., and Oscar Wyatt, Defendants, Appellees.
Supreme Court of Delaware.https://leagle.com/images/logo.png
Submitted February 28, 1979.
Decided April 23, 1979.
Attorney(s) appearing for the Case
Joseph A. Rosenthal, of Morris & Rosenthal, Wilmington, and Ronald Litowitz, of Kreindler & Kreindler, New York City, of counsel, for plaintiffs-appellants.
S. Samuel Arsht, Martin P. Tully and Lawrence A. Hamermesh, of Morris, Nichols, Arsht & Tunnell, Wilmington, Milton S. Gould and Michael Lesch, of Shea Gould Climenko & Casey, New York City, and Robert E. Walls, Houston, Tex., of counsel, for Coastal States Gas Corp. and Coastal States Gas Producing Co.
Wendell Fenton and William E. Manning, of Richards, Layton & Finger, Wilmington, J. Clifford Gunter, III, of Bracewell & Patterson, and Charles R. Roberts, Houston, Tex., of counsel, for Lo-Vaca Gathering Co.
Before DUFFY, QUILLEN and HORSEY, JJ.
Supreme Court of Delaware.
DUFFY, Justice:
This appeal is from an order of the Court of Chancery dismissing the complaints in a consolidated class action filed by the owners of two series of preferred stock1 in Coastal States Gas Corporation (Coastal), a Delaware corporation. The suit is against Coastal, two of its subsidiaries and its chief executive officer. While this litigation is part of a complex controversy in a...
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