Legal Opinion

Greene v. Johnston

Supreme Court of Delaware

Decided October 16, 1953PublishedCited by 29 opinions

1Opinion of the Court

Southerland,

Chief Justice, delivering the opinion of the court:

The essential question before us is whether an equitable interest in shares of stock, not appearing of record on the books of the issuing corporation, may be seized in the Court of Chancery by the mesne proceedings authorized by 10 Del.C. § 366.

This is a minority stockholders’ derivative action on behalf of Airfleets, Inc., a Delaware corporation, against five individuals, directors of the corporation, to redress wrongs alleged to have been committed by them upon the corporation. The complaint includes a prayer for an accounting…

2Cases cited23 opinions

  1. Ager v. MurraySupreme Court of the United States · 1882
  2. Cantor v. SachsCourt of Chancery of Delaware · 1932
  3. Wiggin v. HeywoodMassachusetts Supreme Judicial Court · 1875
  4. Wightman v. San Francisco Bay Toll-Bridge Co.Court of Chancery of Delaware · 1928
  5. Spoturno v. WoodsSupreme Court of Delaware · 1937

18 more not listed; retrieve them via the Exa API.

3Cited by29 opinions

  1. U. S. Industries, Inc. v. GreggDistrict Court, D. Delaware · 1972
  2. U. S. Industries, Inc., a Corporation, and Diversacon Industries, Inc., a Corporation v. F. Browne GreggCourt of Appeals for the Third Circuit · 1976
  3. Sands v. Lefcourt Realty CorporationSupreme Court of Delaware · 1955
  4. Buechner v. Farbenfabriken Bayer AktiengesellschaftCourt of Chancery of Delaware · 1959
  5. United States v. Estate of Claude Beresford PearceCourt of Appeals for the Third Circuit · 1974

24 more not listed; retrieve them via the Exa API.

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