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LYNCH v. VICKERS ENERGY CORP.

402 A.2d 5 (1979)

Libby G. LYNCH, Plaintiff, v. VICKERS ENERGY CORPORATION, Esmark, Inc., William A. Alexander, Richard J. Boushka, Edward J. Hudson, Donald P. Kelly, Robert D. Phillips, Stormy F. Smith and Jack A. Vickers, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided April 27, 1979.

Attorney(s) appearing for the Case

Joseph A. Rosenthal, of Morris & Rosenthal, Wilmington, Sidney B. Silverman and Joan T. Harnes, of Silverman & Harnes, and E. Allan Farnsworth, New York City, for plaintiff.

Louis J. Finger, of Richards, Layton & Finger, Wilmington, Leo Herzel, Susan Getzendanner, John Bleveans, Scott J. Davis and Michele Odorizzi, of Mayer, Brown & Platt, Chicago, Ill., for defendants Vickers Energy Corp., Esmark, Inc., Richard J. Boushka, Donald P. Kelly, Robert D. Phillips and Jack A. Vickers.

David A. Drexler, of Morris, Nichols, Arsht & Tunnell, Wilmington, and William Key Wilde, of Bracewell & Patterson, Houston, Tex., for defendants Stormy F. Smith, William A. Alexander and Edward J. Hudson.

MARVEL, Chancellor:

This class action seeks relief for the damages allegedly suffered by plaintiff, a former stockholder of TransOcean Oil, Inc. as well as by members of her class (other than those who have excluded themselves from this action) as a result of a breach of fiduciary duty found by the Supreme Court of Delaware to have been owed to plaintiff and members of her class by the defendant Vickers Energy Corporation, TransOcean's parent,1<...

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