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MT. HAWLEY INS. CO. v. JENNY CRAIG, INC.

Civ. A. No. 95C-04-005.

668 A.2d 763 (1995)

MT. HAWLEY INSURANCE COMPANY, a Delaware corporation, Plaintiff, v. JENNY CRAIG, INC., a Delaware corporation, Sidney H. Craig, Genevieve Craig, Ronald E. Gerevas, W. James Mallen, Marvin Sears, Michael E. Tennenbaum, and Jeffrey T. Chambers, Defendants.

Superior Court of Delaware, New Castle County.

Argued: June 27, 1995.

Decided: September 19, 1995.

Attorney(s) appearing for the Case

Allen M. Terrell, Jr., and Frederick L. Cottrell, III, of Richards, Layton & Finger, for plaintiff.

Richard H. Morse, David C. McBride, William D. Johnston, and Matthew P. Denn, of Young, Conaway, Stargatt & Taylor, for defendants.

OPINION

HERLIHY, Judge.

Defendants Jenny Craig, Inc. [JCI], Sidney H. Craig, Genevieve Craig, Ronald E. Gerevas, W. James Mallen, Marvin Sears, Michael E. Tennenbaum and Jeffrey T. Chambers, directors of JCI, [directors] have moved to dismiss or stay this declaratory judgment action.

Plaintiff Mt. Hawley Insurance Company [Mt. Hawley] brought this action against JCI and the directors to determine...

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