Rebstock v. Lutz

Southerland, Chief Justice:

This is a minority stockholder’s suit seeking to redress wrongs alleged to have been committed by the directors against the corporation, Managed Funds, Inc. To obtain jurisdiction over the non-resident directors plaintiff sought and obtained under 10 Del.C. § 366 an order for sequestration of shares of stock of three specified Delaware corporations standing in the individual names of the defendants. The writ issued and the sequestration report was filed. It showed the seizure of certain shares of stock held by five of the defendants, including the defendant…