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SHAMROCK ASSOCIATES v. TEXAS AMERICAN ENERGY

517 A.2d 658 (1986)

SHAMROCK ASSOCIATES, a Partnership, Plaintiff, v. TEXAS AMERICAN ENERGY CORPORATION, a Delaware corporation, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: August 26, 1986.

Attorney(s) appearing for the Case

David A. Drexler, and Michael Houghton of Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware and Koether, Harris & Hoffman, New York City, for plaintiff.

Allen M. Terrell, Jr., and Kevin G. Abrams of Richards, Layton & Finger, Wilmington, and Haynes and Boone, Dallas, Tex., for defendants.

OPINION

BERGER, Vice Chancellor.

This is the decision on a motion for judgment on the pleadings in a stock list case brought pursuant to 8 Del.C. § 220. Plaintiff, a record stockholder of defendant, Texas American Energy Corporation ("TAE"), demanded a stocklist and related materials for the purpose of soliciting proxies for the election of an opposition slate of directors at TAE's annual meeting on September 5, 1986. The two issues before the...

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