Belle Isle Corporation v. MacBean

Seitz, Vice-Chancellor:

This is another decision in the running battle taking place between two factions which, as is so often the case, now find it worth their while to have control of plaintiff corporation. Here they literally struck oil.

This is a complaint to cancel certain stock issued to the defendant MacBean, to his wife and to the MacBeandominated Oakdale Contracting Company, Inc. Three separate transactions are under attack and the factual picture developed at the final hearing differs somewhat from the picture presented at the hearing on the preliminary injunction. See Belle Isle…