Kaplan v. Wyatt
Court of Chancery of Delaware
1Opinion of the Court
BROWN, Chancellor.
On February 4, 1981 Jerome Kaplan, a shareholder of the defendant, The Coastal Corporation (hereafter “Coastal”), filed this derivative action on behalf of Coastal. Named as defendants in addition to the corporation itself are Oscar S. Wyatt, Jr. and WJS Shipping Associates, Inc. (hereafter “WJS”). Both Coastal and WJS are Delaware corporations. The defendant Wyatt is chairman of the board and chief executive officer of Coastal. The primary business of Coastal, a large publicly held company, is trading in oil and petroleum products.
Kaplan’s complaint, as subsequently…
2Cases cited6 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Fed. Sec. L. Rep. P 98,860 Athalie Doris Joy v. Nelson L. North, Nelson L. NorthCourt of Appeals for the Second Circuit · 1982
- Auerbach v. BennettNew York Court of Appeals · 1979
- Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
- United States v. Louis B. Pacheco and John N. Fountain, Jr.Court of Appeals for the Fifth Circuit · 1974
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3Cited by49 opinions
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- Dreiling v. JainWashington Supreme Court · 2004
- In Re ORACLE CORP DERIVATIVE LITIGATIONCourt of Chancery of Delaware · 2003
- Houle v. LowMassachusetts Supreme Judicial Court · 1990
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