Anderson v. Krafft-Murphy Co.

JACOBS, Justice:

I. INTRODUCTION

This is an appeal from a judgment of the Court of Chancery in an action to appoint a receiver for Krafft-Murphy Company, Inc. (the “Corporation”), a dissolved Delaware corporation, under 8 Del. C. § 279. The Petitioners-Below/Appellants, who are tort claimants in lawsuits pending against the Corporation in other jurisdictions, seek the appointment of a receiver to enable them lawfully to pursue those claims against the Corporation in those other courts. The Corporation (as Respondent-Below/Appellee) argues that because it holds no assets other than unexhausted…