Legal Opinion
Trans World Airlines, Inc. v. State Ex Rel. Porterie
Supreme Court of Delaware
Decided July 10, 1962No. 26PublishedCited by 15 opinions
1Opinion of the Court
Southerland, C. J.:
In the court below relator Porterie petitioned for a writ of mandamus to permit inspection of the stock ledger of Trans World Airlines, Inc., a Delaware corporation (TWA). The court granted the writ, subject to conditions. TWA appeals. The facts are as follows:
TWA is one of the largest airlines of the country. Approximately 78% of its common stock is owned beneficially by Hughes Tool Company, which is controlled and largely owned by Howard Hughes.
Some two years ago TWA was in need of major financing. Arrangements were made for the borrowing of at least $165,000,000 from a…
2Cases cited4 opinions
- State v. Cities Service CompanySupreme Court of Delaware · 1922
- State v. Superior Oil Corp.Superior Court of Delaware · 1940
- Insuranshares Corporation v. KirchnerSupreme Court of Delaware · 1939
- State v. Standard Oil Company of KansasSuperior Court of Delaware · 1941
3Cited by15 opinions
- Summa Corp. v. Trans World Airlines, Inc.Supreme Court of Delaware · 1988
- General Time Corporation v. Talley Industries, Inc.Supreme Court of Delaware · 1968
- Rainbow Navigation, Inc. v. Pan Ocean Navigation, Inc.Supreme Court of Delaware · 1987
- Compaq Computer Corp. v. HortonSupreme Court of Delaware · 1993
- Loretto Literary & Benevolent Institution v. Blue Diamond Coal Co.Court of Chancery of Delaware · 1982
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