Schnell v. Chris-Craft Industries, Inc./Dissent Wolcott

WOLCOTT, Chief Justice (dissenting):

I do not agree with the majority of the Court in its disposition of this appeal. The plaintiff stockholders concerned in this litigation have, for a considerable period of time, sought to obtain control of the defendant corporation. These attempts took various forms.

In view of the length of time leading up to the immediate events which caused the filing of this action, I agree with the Vice Chancellor that the application for injunctive relief came too late.

I would affirm the judgment below on the basis of the Vice Chancellor's opinion.