Kidde Industries, Inc. v. Weaver Corp.

OPINION

CHANDLER, Vice Chancellor.

Defendant Weaver Corporation (“Weaver”), a Delaware corporation, was dissolved effective December 1, 1989. Plaintiff Kidde Industries, Inc. (“Kidde”) is a creditor of Weaver. 1 Kidde has filed suit against Weaver for breach of contract and for violations of Title 8 of the Delaware Code. 2

Kidde has also sued Lewis E. Burns, Richard T. Farrell and Rudolf J. Herrmann (the “defendants”), directors of Weaver. The complaint alleges that the defendants failed to make reasonable provisions to pay all claims and obligations known to them at the time they dissolved…