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VEASEY v. LAYTON

206 A.2d 505 (1964)

George Edward VEASEY, Plaintiff, v. June McD. LAYTON, Walter J. Lehman, Defendants.

Court of Chancery of Delaware, Sussex.

December 3, 1964.

Attorney(s) appearing for the Case

Robert W. Tunnell, of Tunnell & Raysor, Georgetown, for plaintiff.

Howard T. Ennis, Jr., of Ennis & Betts, Georgetown, for defendants.

SEITZ, Chancellor:

Plaintiff seeks a mandatory injunction compelling the defendants to turn over to him, upon payment of his indebtedness, shares of corporate stock pledged to secure his judgment note.

For some years the plaintiff and Daniel J. Layton, Jr. ("Layton") were equal and sole stockholders in a retail liquor business operated under the name of Indian River Company. Prior to February 2, 1961, the plaintiff borrowed about $15,000 from Layton. The plaintiff...

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