[Download] "Harry Frankel v. G. E. Donovan" by New Castle Court of Chancery of Delaware ~ Book PDF Kindle ePub Free

eBook details

Title: Harry Frankel v. G. E. Donovan
Author : New Castle Court of Chancery of Delaware
Release Date : January 10, 1956
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 61 KB

Description

MARVEL, Vice Chancellor. Plaintiff, a stockholder of the corporate defendant suing in a representative capacity for all stockholders, complains that
stock options granted in 1951 and 1952 by the corporate defendant to fifty of its executive employees under restricted stock
option plans adopted by directors subject to approval by the stockholders, 1 were invalid when issued because said options
were allegedly gifts, 2 having been granted without consideration. The forty nine individual defendants have either exercised
or hold exercisable options, the options of one deceased officer having lapsed unexercised.