Aaron v. Critchell Parsons & Beaver Lodge Oil Corp.

Wolcott, Justice:

These are cross-appeals from an order of the Vice-Chancellor allowing counsel for the plaintiffs-below a fee of $15,000.00 and out-of-pocket expenses of $1,458.78. Plaintiffs in their appeal argue that the allowance is insufficient. Defendants in their cross-appeal argue that no allowance at all should have been made plaintiffs’ counsel.

The action is a derivative stockholders suit brought by the plaintiffs as minority stockholders. The defendants are Critchell Parsons, former chairman of the Board and President of Beaver Lodge Oil Corporation, (hereafter Beaver) in whose…