Court of Chancery of Delaware November 15, 1991, Civ. A. 11713 (Thorpe v. Cerbco, Inc.)

OPINION

ALLEN, Chancellor

This derivative and class suit has been brought by holders of Class A common stock of CERBCO, Inc., a Delaware company. Defendants are the corporation itself and Robert W. and George Wm. Erikson. The Eriksons together own a preponderant majority of CERBCO’s Class B common stock and, as a consequence, have the right to elect three of the corporation’s four directors.