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JUDAH v. SHANGHAI POWER CO.

494 A.2d 1244 (1985)

S.A. JUDAH and others similarly situated, Defendants Below, Appellants, v. SHANGHAI POWER COMPANY and Western District Power Company of Shanghai, Federal, Inc., U.S.A., Plaintiffs Below, Appellees.

Supreme Court of Delaware.

Decided: May 31, 1985.

Attorney(s) appearing for the Case

Irving Morris (argued) and Kevin Gross, Morris and Rosenthal, P.A., Wilmington, and Eric W. Jorgensen, Stephen A. Million (argued) and Maurice Miller, of Brobeck, Phleger & Harrison, San Francisco, California, of counsel, for defendants below, appellants.

R. Franklin Balotti and William J. Wade, Richards, Layton & Finger, Wilmington, and Richard C. Allison, Stephen H. Kinney, Jr. (argued), Christopher Connolly, of Reid & Priest, New York, of counsel, and Donald Mitchell, of Shanghai Power Company, Boise, Idaho, of counsel, for plaintiffs below, appellees.

Before McNEILLY, MOORE and CHRISTIE, JJ.

MOORE, Justice.

In this class action the appellants are former preferred stockholders of a Delaware corporation, Shanghai Power Company (Shanghai), whose assets, and those of its wholly owned subsidiary, Western District Power Company (Western), also a Delaware corporation, were expropriated by the People's Republic of China in 1950.

Despite the rather convoluted factual and legal background of this litigation,1 the issue before...

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