Legal Opinion
Sergeson v. Delaware Trust Co.
Supreme Court of Delaware
Decided March 25, 1980PublishedCited by 9 opinions
1Per curiam
The letter opinion of the Vice Chancellor stated the basic facts in the following accurate manner.
“This action is one which seeks the rescission of a sale of corporate stock. The stock in question is 7,320 shares of the Penns Grove National Bank and Trust Company, a New Jersey corporation. The plaintiffs are a group of individuals affiliated with the bank who were interested in purchasing the stock for a consortium they had formed among themselves. Prior to the sale in question, the stock had constituted a part of the corpus of a trust established under the last will and testament of Harry…
2Cases cited2 opinions
- Shaffer v. HeitnerSupreme Court of the United States · 1977
- H. M. Byllesby & Co. v. DoriotCourt of Chancery of Delaware · 1940
3Cited by9 opinions
- Marine v. StateSupreme Court of Delaware · 1992
- Nixon v. Wilmington Trust Co.Court of Appeals for the Sixth Circuit · 2008
- Watkins v. Beatrice Companies, Inc.Supreme Court of Delaware · 1989
- Aloha Lumber Corp. v. University of AlaskaAlaska Supreme Court · 1999
- Istituto Bancario Italiano SpA v. Hunter Engineering Co.Court of Chancery of Delaware · 1981
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