Jones v. Taylor

BROWN, Vice Chancellor.

Defendants have moved for summary judgment in this action brought derivatively by the plaintiff, Dorothy Taylor Jones, for the benefit of Taylor Auto Supply, Inc. (“Taylor Auto”). In essence, the complaint alleges that in 1972 the individual defendants, J. Baker Taylor, Jr. and F. Martin Taylor, the brother and cousin of the plaintiff, caused Taylor Auto to convey certain of its assets to the defendant Mar-bak, Inc. for a grossly inadequate consideration. Marbak is owned and controlled by the individual defendants, who are also the sole officers and directors of Taylor…