Court of Chancery of Delaware May 25, 1973 (Halpern v. Barran)

DUFFY, Chancellor:

This is a shareholders’ derivative suit brought on behalf of Shell Oil Company (Shell), a Delaware corporation. Defendants have moved to dismiss the amended complaint as to all claims which accrued prior to June 17, 1966 on the ground that they are barred by the statute of limitations, and to strike from the complaint the remaining allegations of wrongdoing as sham.