Hensel v. US ELECTRONICS CORPORATION

OPINION

O’HORA, Judge.

For approximately fifteen years plaintiff herein, an attorney, was employed by the United States Government, in various high executive positions. Upon his resignation from his last position, in 1955, he became a member of the Board of Directors of the defendant, U. S. Electronics Corporation, a Delaware corporation, of which one Leon Frenk is president, a director, and majority shareholder.

Following a December 3, 1965 meeting of defendant’s Board of Directors, plaintiff’s resignation from the Board was imminent, but plaintiff and defendant had been unable to agree upon…