Document: Klamka v. OneSource Technologies, Inc., C.A. No. 3639-VCN, Noble, V.C. (Del. Ch. Dec. 15, 2008)

Plaintiff moved for a default judgment for the appointment of a custodian for OneSource Technologies, an abandoned Delaware corporation.  Although OneSource’s business operations could not be resurrected, Plaintiff planned on merging it with a new entity so as to use OneSource’s trading symbol and Pink Sheet listing.  Because the Plaintiff could not show a useful purpose for the revival of OneSource and his objective could easily and properly be accomplished through new filings, the Court denied Plaintiff’s motion in order to avoid circumvention of the ordinary procedures associated with corporation formation and trading.