Carvel v. Andreas Holdings Corp.

OPINION

JACOBS, Vice Chancellor

Pending is a motion by the defendants, Andreas Holdings Corp. (“Andreas”) and Betty Godley (“Godley”), to stay this action.

In this proceeding, brought pursuant to 8 Del. C. § 225, the plaintiffs, Agnes and Pamela Carvel, ask this Court to declare that: (i) Agnes Carvel (“Agnes”) is the sole stockholder of Andreas and entitled to vote all of its shares, (ii) Agnes remains the President of Andreas, and Pamela Carvel (“Pamela”) remains Andreas’ Vice President and Secretary, and that (iii) actions taken at a purported stockholders’ meeting of Andreas on May 2, 1995,…