Pathe Industries, Inc. v. Cadence Industries Corp.

DUFFY, Justice.

This is an action by Pathe Industries, Inc. (Pathe) and Wissam Ezzedine against Cadence Industries Corporation (Cadence).

Pathe initiated the lawsuit in the Court of Chancery, seeking the appointment of a trustee to act on behalf of certain of its stockholders in regard to the exercise of warrants physically held by Pathe but equitably owned by such stockholders and titled in their respective names. Denied that relief, Pathe joined Ezzedine in an amended complaint to compel Cadence to issue and deliver to Ezzedine, by reason of his exercise of the warrants, valid certificates…