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FISHER v. SAFE HARBOR REALTY COMPANY

150 A.2d 617 (1959)

Harry A. FISHER, Plaintiff Below, Appellant, v. SAFE HARBOR REALTY COMPANY, a Delaware corporation, et al., Defendants Below, Appellee.

Supreme Court of Delaware.

April 1, 1959.

Attorney(s) appearing for the Case

G. A. Peterson, Wilmington, for appellant.

Clyde M. England, Jr., Wilmington, for appellee Harry E. Patton.

Howard M. Berg, Wilmington, for appellee Edward H. Richardson Associates, Inc.

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

WOLCOTT, Justice.

Harry A. Fisher, the plaintiff below and appellant here, and his associates (hereafter Fisher), on August 5, 1955, were the owners of all of the outstanding stock of Safe Harbor Realty Co. (hereafter Safe Harbor), one of the defendants below and appellees here. The only asset of Safe Harbor was a tract of 312 acres of land located in Kent County and divided into 1500 building lots.

Prior to August...

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