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KAHN v. SEABOARD CORP.

Civ. A. No. 11485.

625 A.2d 269 (1993)

Alan R. KAHN, Plaintiff, v. SEABOARD CORPORATION, Seaboard Flour Corporation, H. Harry Bresky, Otto Bresky, Jr., and Charles M. Goldman, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: January 14, 1993.

Attorney(s) appearing for the Case

Robert D. Goldberg, of Biggs and Battaglia, Wilmington, for plaintiff.

Samuel A. Nolen, and Daniel A. Dreisbach, of Richards, Layton & Finger, Wilmington, for defendants.

OPINION

ALLEN, Chancellor.

The complaint purports to be brought derivatively on behalf of Seaboard Corporation against Seaboard's controlling (75%) stockholder, Seaboard Flour Corporation ("Flour") and three individuals who comprise the board of directors of Seaboard, two of whom are the controlling (71%) shareholders of Flour. The charge is that the individual defendants "required the Company to enter into numerous transactions with Flour ... which...

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