Paolozzi v. Barber

DUFFY, Chancellor:

These cases are among the oldest on the calendar of the Court. They were brought derivatively for the benefit of United Industrial Corporation, a Delaware corporation in which each plaintiff held stock. 1 The suits were consolidated for trial and a settlement with two of the defendants, Herbert J. Peterson and Benjamin F. Gira, was made and approved by Chancellor Seitz in this Court on April 8, 1963. Thereafter on January 6, 1969 I approved settlement with all appearing defendants in all suits except Hyman L. Federman, a defendant in C.A. 1429. The matter is now before the…