Ebbert v. Plymouth Oil Co.

Opinion by

Mr. Justice Horace Stern,

The story of this litigation begins in 1925. In that year a stockholders’ bill was filed in the Court of Chancery of the State of Delaware against Plymouth Oil Company and thirty-one individual defendants. Among the plaintiffs was William M. Henderson, acting in part for the present plaintiff, Sara F. Ebbert, whose stock was then held in his name. The bill alleged that the individual defendants therein named, organizers and promoters of Plymouth Oil Company, had illegally and fraudulently acquired 700,000 shares of the company’s stock. The prayer was for…