Bailey v. Seacoast Financial Services Corp.

van Gestel, J.

This matter is before the Court on cross motions for summary judgment. The facts are relatively simple and not in dispute.

BACKGROUND

The plaintiffs are members of the Bailey family, including the parents and three adult children, and a family business, Eddie Bailey’s Garage, Inc., (collectively “the Baileys”). They owned stock in Abington Bancorp, Inc. (“Abington”).

By letter dated February 13, 2004, the Baileys were notified by the defendant Registrar and Transfer Company (“Registrar”), acting on behalf of the defendant Seacoast Financial Services Corporation (“Seacoast”), of a…