Court of Chancery of Delaware January 13, 1941 (Yasik v. Harry Wachtel & Diamond State Brewery, Inc.)

The Vice-Chancellor :

Complainant charges that the issuance to Harry Wachtel of 58,400 shares of the voting stock of Diamond State Brewery, Inc., a Delaware corporation, was in violation of the pre-emptive rights of the shareholders, including complainant, and was otherwise in fraud of their rights in that the stock was issued for an inadequate consideration and for the purpose of wresting