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BEACH v. KDI CORPORATION

Civ. A. No. 4023.

336 F.Supp. 229 (1971)

Frederick BEACH, and Vincent Di Rubbio, Plaintiffs, v. KDI CORPORATION et al., Defendants.

United States District Court, D. Delaware.

December 28, 1971.

Attorney(s) appearing for the Case

Peter J. Walsh and Converse Murdoch, Wilmington, Del., for plaintiffs.

E. N. Carpenter, II, Richard J. Abrams and William E. Wiggin, Wilmington, Del., for defendants.

OPINION

STEEL, District Judge:

The amended complaint contains six counts. It alleges as to all counts that plaintiffs, Beach and DiRubbio, were the organizers in 1954 of Ordnance Products, Inc. (OPI), that until May 20, 1969 each owned 50 per cent of its stock, and were directors, and officers thereof, Beach being the chief executive officer. It further alleges that on May 20, 1969 plaintiffs entered into a Reorganization Agreement with KDI under which plaintiffs...

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