Legal Opinion

Steigman v. Berry

Court of Chancery of Delaware

Decided September 18, 1964PublishedCited by 1 opinion

1Opinion of the Court

Marvel, Vice Chancellor:

This action was commenced on January 3, 1963 on behalf of the defendant Tenney Corporation by Max Steigman, a Class A stockholder of the corporation purporting to act for all other stockholders of the corporation similarly situated and in the right of their corporation. His complaint alleged that such Class A stockholders had been injured at the hands of the defendant Jerry M. Tenney and the other defendants under his control through the alleged misuse of Mr. Tenney’s more than 90% ownership of Class B stock which by charter provision elects two-thirds of the board of…

2Cases cited14 opinions

  1. Old Dominion Copper Mining & Smelting Co. v. BigelowMassachusetts Supreme Judicial Court · 1909
  2. McCandless v. FurlaudSupreme Court of the United States · 1935
  3. Old Dominion Copper Mining & Smelting Co. v. LewisohnSupreme Court of the United States · 1908
  4. Cohen v. YoungCourt of Appeals for the Sixth Circuit · 1942
  5. Rome v. ArcherSupreme Court of Delaware · 1964

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3Cited by1 opinion

  1. Steigman v. BeeryCourt of Chancery of Delaware · 1964

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