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LANK v. STEINER

224 A.2d 242 (1966)

Alena LANK, William D. Lank, Sarah L. Marsh and Anne W. Westphal, Plaintiffs Below, Appellants, v. Edmund F. STEINER, Elsie L. Steiner and the President, Directors and Company of the Farmers Bank of the State of Delaware, a corporation of the State of Delaware, Administrator Cum Testamento Annexo of the Estate of John C. Lank, Deceased, Defendants Below, Appellees. William D. LANK, Administrator of the Estate of Alena Lank, Deceased, Defendant Below, Appellant, v. Edmund F. STEINER and Elsie L. Steiner, his wife, Plaintiffs Below, Appellees.

Supreme Court of Delaware.

Petition for Reargument Denied November 10, 1966.

Attorney(s) appearing for the Case

Aubrey B. Lank and Victor F. Battaglia, of Theisen & Lank, Wilmington, and Houston Wilson, Georgetown, for appellants.

Jackson W. Raysor of Tunnell & Raysor, Georgetown, for appellees.

WOLCOTT, Chief Justice; HERRMANN, Justice, and QUILLEN, Judge, sitting.

WOLCOTT, Chief Justice (for the majority):

This is an appeal from a judgment entered in two cases consolidated for trial. The litigation arises out of a family disagreement among the children of John C. and Alena Lank, both of whom died prior to the institution of the actions. The basic issue is the validity of stock options obtained from the Lanks by Mrs. Steiner, a daughter of the Lanks, and her husband (hereafter "Steiners"). Contesting the validity of the options...

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