Equity Corporation v. Milton, Supreme Court of Delaware, 1966

Court: Supreme Court of Delaware Date: 1966-06-16 Opinion type: combined Author: Wolcott Judges: Wolcott Precedential status: Published

Wolcott, Chief Justice:

This is an appeal from an order of the Court of Chancery entering a summary judgment in favor of both defendants.

The plaintiff, The Equity Corporation, a closed-end investment company, brought suit against David M. Milton, Chief Executive Officer and Chairman of the Board of Equity, and his wholly-owned subsidiary, Triangle Securities Corporation.

The suit seeks