Aldridge v. Franco-Wyoming Securities Corp.

The Vice-Chancellor:

The question is whether Securities Corporation should be enjoined, pending the determination of the validity of the election of its present directors, from voting shares of stock of Oil Company which it holds and which constitute more than a majority of the voting stock of Oil Company. From the standpoint of procedure, the motion for injunction is subject to serious objection. The petition is the pleading which initiated the proceeding and defined the cause of complaint. In it, no case for an injunction is made out. Not only are there no allegations of the facts relating…