LEWIS v. ANDERSON


453 A.2d 474 (1982)

Harry LEWIS, Plaintiff, v. Charles A. ANDERSON, Ralph E. Bailey, Howard W. Blauvelt, Theodore F. Brophy, Charles W. Buek, William H. Donaldson, Nancy Hanks, W.A. Hewitt, Robert P. Jensen, J.E. Kircher, Dean Robert McKay, M.B. Morris, Frank Pace, Jr., W. Dewey Presley, James E. Robison, R.L. Adams, R.W. Gerwig, A.K. McColpin, J.D. Morrow, C.S. Nicandros, R.E. Samples, S. Schwartz and Conoco Inc., Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: October 8, 1982.


Attorney(s) appearing for the Case

Thomas D. Whittington, Jr., of Wilson & Whittington, Wilmington, and Irving Bizar, of Schreiber & McBride, Pincus, Ohrenstein, Bizar, D'Alessandro & Solomon, New York City, for plaintiff.

Bruce M. Stargatt, and Jack B. Jacobs, of Young, Conaway, Stargatt & Taylor, Wilmington, and Robert C. Myers, of Dewey, Ballantine, Bushby, Palmer & Wood, New York City, for individual defendants.

Andrew B. Kirkpatrick, Jr., and A. Gilchrist Sparks, III, of Morris, Nichols, Arsht & Tunnell, Wilmington, for defendant Conoco Inc.


BROWN, Chancellor.

In capsule form this suit, at its inception, was a derivative action filed by a corporate shareholder. Various officers and directors of the corporation, as well as the corporation itself, were named as defendants. The suit attacks and seeks to set aside a series of employment related agreements entered into between the corporation and certain of its key officers and managerial personnel. Subsequent to...

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