Elster v. American Airlines, Inc.

Bramhill, Vice Chancellor:

The facts of this case are more fully set forth in a former opinion dated October 14, 1953, to be found ante p. 94, 100 A.2d 219. It is sufficient to say here that the amended complaint attacks certain stock options issued by defendant to its executive and supervisory employees on or about May 21, 1952, upon the sole ground that such options constitute gifts of defendant’s assets for the reason that the optionees gave no valid or sufficient consideration in exchange therefor. The motion of defendant to dismiss is based upon its contention that the optionees are…