Legal Opinion
Kelly v. Bell
Court of Chancery of Delaware
Decided May 15, 1969PublishedCited by 11 opinions
1Opinion of the Court
DUFFY, Chancellor:
Ella M. Kelly and Wyndham, Inc., a Delaware corporation (plaintiffs), are stockholders of United States Steel Corporation, a Delaware corporation (U. S. Steel). They sue derivatively all persons who are now directors of U. S. Steel and/or who were directors in 1957 (defendants). Plaintiffs seek a money judgment for Steel’s benefit upon the proposition that certain “machinery tax payments” made by the Corporation after ' 1957 to County and other local taxing authorities in Allegheny County, Pennsylvania, constituted a waste of assets because they were not required or…
2Cases cited21 opinions
- Tool Co. v. NorrisSupreme Court of the United States · 1865
- Orlosky v. HaskellSupreme Court of Pennsylvania · 1931
- Kuhn v. BuhlSupreme Court of Pennsylvania · 1916
- Peyton v. MargiottiSupreme Court of Pennsylvania · 1959
- Clendaniel v. ConradSupreme Court of Delaware · 1912
16 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Kaplan v. Centex CorporationCourt of Chancery of Delaware · 1971
- 21 Employee Benefits Cas. 1073, Pens. Plan Guide (Cch) P 23942h Frank C. Schoonejongen Wesley L. Losson John S. Dunning William Martone William v. Hanzalek Edward F. Ziek Melvin Deblock Joseph Colquhoun Joseph Majerscak Gerard Abbamont and Olga Wolsey, on Behalf of Themselves and All Others Similarly Situated v. Curtiss-Wright CorporationCourt of Appeals for the Third Circuit · 1998
- Kent General Hospital, Inc. v. Blue Cross & Blue Shield of Delaware, Inc.Supreme Court of Delaware · 1982
- Chrysler Corp. v. StateSupreme Court of Delaware · 1983
6 more not listed; retrieve them via the Exa API.