Dann v. Chrysler Corporation

SEITZ, Chancellor.

This court approved the settlement of two stockholders’ derivative actions in the so-called Chrysler litigation. Dann v. Chrysler Corp. and Gallo v. Ackerman (Del.Ch.), 198 A.2d 185. The Supreme Court of Delaware affirmed, Hoffman v. Dann, 205 A.2d 343, and certiorari was denied by the United States Supreme Court, Hoffman v. Chrysler Corp., 380 U.S. 973, 85 S.Ct. 1332, 14 L.Ed.2d 269. Thereafter the reserved issue as to the plaintiffs’ right to reimbursement for the fees and expenses of their counsel was tried and this is the decision thereon.

Plaintiffs in both actions have…