The decision sustains most of the facts as set forth in the bill of complaint of the plaintiffs, and decrees that a special commissioner should conduct a special meeting of the stockholders of the K. I. de Nemours & Co. to decide for themselves whether or not they want to purchase the stock formerly held by T. Coleman du Pont, which stock is the basis of the whole action. The decision enjoins the use of this stock for voting purposes at the meeting.
The suit was brought by Philip F. du Pont, of Merion, Pa., against Pierre S. du Pont, president of the company, and eleven other directors of the company, to compel the return to the treasury of the company stock now valued at $57,000,000, which had been purchased by Pierre du Pont and his associates in the Du Pont Securities Company from T. Coleman du Pont for $14,000,000.
T. Coleman du Pont originally offered about one-third of his holdings to the powder company at $100 a share, a price thought exorbitant at the time. The complainants allege that Pierre du Pont was instructed to negotiate further with Coleman on the matter, but that he did not faithfully carry out these instructions, and later, when he learned that Coleman would sell his entire holdings, effected a private purchase of these shares secretly instead of negotiating or purchasing them on behalf of the company.
Plumbing  For Pantomime. 