(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.
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