Gossett v. Levy

MR. PRESIDING JUSTICE BURMAN

delivered the opinion of the court.

This is a chancery action by Gretchen Levy Gossett and her four children, Judith Levy Russell, William Isaac Levy, Albert Ladd Levy and Morris Alexander Levy, seeking to establish an oral express trust between the children’s deceased father, Melvin A. Levy, and Melvin’s older brother, Isador H. Levy. * The trust was alleged to have been established in 1940, when Melvin transferred to Isador a certificate, endorsed in blank, evidencing ownership of 334 shares of Class “B” stock in defendant Liberty Loan Corporation. Liberty had…