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EQUITY CORPORATION v. MILTON

221 A.2d 494 (1966)

The EQUITY CORPORATION, Plaintiff Below, Appellant, and Eugene Casey, Intervening Plaintiff, v. David M. MILTON and Triangle Securities Corporation, Defendants Below, Appellees.

Supreme Court of Delaware.

June 16, 1966.

Attorney(s) appearing for the Case

Richard F. Corroon and Hugh L. Corroon of Berl, Potter & Anderson, Wilmington, and Richard Wait and Mark A. Michelson, of Choate, Hall & Stewart, Boston, Mass., for appellants.

John Van Brunt, Jr., of Killoran & Van Brunt, Wilmington, and Milton V. Freeman and Werner J. Kronstein, of Arnold & Porter, Washington, D. C., for appellees.

WOLCOTT, C. J., and CAREY and HERRMANN, JJ., sitting.

WOLCOTT, Chief Justice.

This is an appeal from an order of the Court of Chancery entering a summary judgment in favor of both defendants.

The plaintiff, The Equity Corporation, a closed-end investment company, brought suit against David M. Milton, Chief Executive Officer and Chairman of the Board of Equity, and his wholly-owned subsidiary, Triangle Securities Corporation.

The suit seeks to compel Milton to...

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