District Court, D. Delaware September 28, 1972, Civ. A. 4431 (U. S. Industries, Inc. v. Gregg)

OPINION

STAPLETON, District Judge.

U. S. Industries, Inc., a Delaware corporation having its principal place of business in New York (“USI”), and Diversacon Industries, Inc., a Florida corporation having its principal place of business in Florida (“Diversacon”), instituted this action in the Court of Chancery of the State of Delaware against F. Browne Gregg, a citizen of the State of Florida.