Prickett v. American Steel and Pump Corporation

DUFFY, Chancellor:

William Prickett was appointed Receiver pendente lite of B. S. F. Company, a Delaware corporation (BSF), by the United States District Court for the District of Delaware. On January 17, 1969 he filed a complaint in this Court for an order convening a meeting of the stockholders of defendant, American Steel and Pump Corporation, a Delaware corporation (ASP), for the purpose of electing directors.

ASP did not appear within the time fixed by the Court but did appear on February 14 when plaintiff asked for a default judgment. That request was denied, defendant answered and…