Gottlieb v. Heyden Chemical Corp.

Tunnell,

Justice, for the court: Only the highlights of this litigation will be reviewed here, for it is fully reported in three opinions of this court and two opinions of the' Court of Chancery. 32 Del.Ch. 231, 83 A.2d 595; 32 Del.Ch. 231, 90 A.2d 660; 33 Del.Ch. 82, 91 A.2d 57; 33 Del.Ch. 177, 92 A.2d 594 ; 33 Del.Ch. 283, 99 A.2d 507.

This was a derivative action seeking to enjoin issuance of a series of incentive stock options to defendant’s key executive personnel. The Chancellor gave summary judgment in favor of defendant. Subsequent appeal to this court established that it had been error…