Campbell v. Loew's Inc.

Seitz, Chancellor:

Plaintiff, a stockholder of Loew’s Incorporated (“Loew’s” or “corporation”), here sues the corporation and four of its nine encumbent directors. The four constitute the so-called “Vogel faction”. The other five directors, there being four vacancies, constitute the so-called “Tomlinson faction”. See Tomlinson v. Loew’s, Inc., supra p. 516, 134 A.2d 518 (appeal pending). The two factions are fighting for control of the corporation.

Plaintiff seeks the following relief:(a) to require the individual defendants to account for money they have caused the corporation to pay for…