Gluck v. Chashin

Wolcott, Chief Justice:

This is an appeal from the denial by the Court of Chancery of the individual defendants’ motion to vacate the sequestration of shares of stock in Delaware corporations.

This is a derivative stockholders’ action in which jurisdiction over the individual defendants was sought through sequestration. Purportedly seized by the ex parte order of sequestration were shares in the A. S. Beck Shoe Corporation registered in the names of the defendants, Gluck and Schiff; 109 shares of Pepsi-Cola Bottling Company of Long Island, Inc. registered in the name of the defendant, Johnston,…