KERBS v. CALIFORNIA EASTERN AIRWAYS

Civ. A. No. 204.

83 A.2d 473 (1951)

KERBS et al. v. CALIFORNIA EASTERN AIRWAYS, Inc.

Court of Chancery of Delaware, New Castle.

September 28, 1951.


Attorney(s) appearing for the Case

Arthur G. Logan, of Logan, Marvel & Boggs, Wilmington, for plaintiffs.

Walter R. Barry and George F. Mason, Jr., of Coudert Brothers, New York City, and David F. Anderson, of Berl, Potter & Anderson, Wilmington, for defendant.


SEITZ, Chancellor.

This is the decision after final hearing in an action brought by two stockholders to enjoin the defendant corporation from putting into effect a stockholder-approved plan to grant stock options and from paying money under a profit sharing plan authorized by the Board of Directors.

Plaintiffs are stockholders of the defendant Delaware corporation. The defendant, which was incorporated in Delaware January 14, 1946, has outstanding 1,124,000...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases