Grossman v. Liberty Leasing Co., Inc.

DUFFY, Chancellor:

This action involves a struggle for control of Liberty Leasing Co., Inc., a Delaware corporation (Liberty). The motions and arguments are many but, in the view I take of the present status of affairs, it is necessary to consider only the Court’s jurisdiction under 8 Del.C. § 225 and plaintiffs’ motion for a preliminary injunction.

A

Plaintiffs, together with members of their immediate families, own approximately twenty percent of Liberty’s outstanding common stock. Liberty is a Chicago-based, diversified company with four operating divisions and public stockholders. Howard A.…