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TOWNSEND CORPORATION OF AMERICA v. DAVIDSON

181 A.2d 219 (1962)

TOWNSEND CORPORATION OF AMERICA, Plaintiff, v. Clinton DAVIDSON, Morris M. Townsend, Josephine Townsend, A. C. Wedemeyer, G. B. Pillsbury, P. C. Hackett, W. F. Rockwell, C. F. Smith, R. E. Hartz, R. F. Nelson, J. R. E. Ozias and The Gayo Fund, Inc., Defendants.

Court of Chancery of Delaware, New Castle.

March 30, 1962.

Attorney(s) appearing for the Case

Irving Morris, of Cohen & Morris, Wilmington, and Martin Horwitz and Martin E. Gotkin, New York City, for plaintiff.

S. Samuel Arsht, of Morris, Nichols, Arsht & Tunnell, Wilmington, for defendants Davidson, M. M. Townsend, Wedemeyer, Pillsbury, Smith, Hartz and Nelson.

Robert H. Richards, Jr., of Richards, Layton & Finger, Wilmington, and Robert G. Zeller, of Cahill, Gordon, Reindel & Ohl, New York City, for defendant, W. F. Rockwell.

Defendant P. C. Hackett, pro se.

SEITZ, Chancellor.

This is the decision on certain motions made by individual defendants. The first motion to be considered is that made by the defendant Townsend.

Plaintiff sought to sequester stock standing in the name of the defendant Townsend. The only stock purportedly seized was stock standing in the names of Morris M. Townsend and Josephine M. Townsend "as joint tenants".

The defendant Townsend has moved to dismiss the complaint and to vacate...

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