Young v. Janas

Seitz, Chancellor:

This is the decision after final hearing in an action to determine the proper officers and directors of the defendant corporation. It seems almost incredible that one corporation should have so many election irregularities in such a short period of time. If the path of this opinion seems torturous, legally and otherwise, I believe the court is entitled to say that it is at least partly because of the way the corporate affairs were conducted.

The defendant Permachem Corporation (herein called the “Corporation”) has two classes of stock. The amended certificate of incorporation…