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SANDS v. LEFCOURT REALTY CORPORATION

No. 7, 1955.

117 A.2d 365 (1955)

Harry SANDS and Irene Sands, Appellants, v. LEFCOURT REALTY CORPORATION, a Delaware corporation, Appellee.

Supreme Court of Delaware.

October 14, 1955.

Attorney(s) appearing for the Case

John J. Morris, Jr., of Morris, James, Hitchens & Williams, Wilmington, for appellants.

Richard F. Corroon, of Berl Potter & Anderson, Wilmington, for appellee.

SOUTHERLAND, C. J., and WOLCOTT and BRAMHALL, JJ., sitting.

SOUTHERLAND, Chief Justice.

This is a suit in equity by Lefcourt Realty Corporation against Harry Sands, a former director, and his wife. Lefcourt seeks an accounting for alleged illegal profits arising out of corporate transactions, and also other relief.

The Sands are residents of Florida. Shares of Lefcourt stock were seized to compel their appearance. They moved for leave to appear specially and defend on the merits with liability limited to the value...

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