Legal Opinion
Essential Enterprises Corp. v. Automatic Steel Products, Inc.
Court of Chancery of Delaware
Decided September 22, 1960PublishedCited by 12 opinions
1Opinion of the Court
Seitz, Chancellor:
This action was commenced as one under 8 Del.C. § 225 by a majority stockholder of the corporate defendant to determine the validity of action taken to> remove certain directors and the election of others to replace them. By a cross-claim the right of the board to remove its then chairman Johnston was also raised.
The court determined that the three directors involved were invalidly removed and in consequence their successors were not validly elected. The court also determined that the chairman of the board was invalidly removed on June 2, 1959 but was validly removed at…
2Cases cited6 opinions
- Gentry-Futch Co. v. GentrySupreme Court of Florida · 1925
- Sorensen v. the Overland CorporationDistrict Court, D. Delaware · 1956
- Charles E. Sorensen v. The Overland CorporationCourt of Appeals for the Third Circuit · 1957
- Mooney v. Willys-Overland Motors, Inc.Court of Appeals for the Third Circuit · 1953
- Essential Enterprises Corp. v. Automatic Steel Products, Inc.Court of Chancery of Delaware · 1960
1 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Hibbert v. Hollywood Park, Inc.Supreme Court of Delaware · 1983
- Merritt-Chapman & Scott Corporation v. WolfsonSuperior Court of Delaware · 1974
- Fed. Sec. L. Rep. P 96,813 Daniel E. Heffernan v. Pacific Dunlop Gnb Corporation, a Delaware Corporation, and Gnb Incorporated, a Delaware CorporationCourt of Appeals for the Seventh Circuit · 1992
- Mates v. North American Vaccine, Inc.District Court, D. Maryland · 1999
- Mayer v. Executive Telecard, Ltd.Court of Chancery of Delaware · 1997
7 more not listed; retrieve them via the Exa API.