LIFE ASSUR. CO. OF PA. v. ASSOCIATED INVEST. INT. CORP.


312 A.2d 337 (1973)

LIFE ASSURANCE COMPANY OF PENNSYLVANIA, a Pennsylvania corporation, Plaintiff, v. ASSOCIATED INVESTORS INTERNATIONAL CORPORATION, a Delaware corporation, et al., Defendants.

Court of Chancery of Delaware.

October 3, 1973.


Attorney(s) appearing for the Case

S. Samuel Arsht, David A. Drexler and Lewis S. Black, Jr., of Morris, Nichols, Arsht & Tunnell, Wilmington, for plaintiff.

Richard F. Corroon of Potter, Anderson & Corroon, Wilmington, for defendants.


OPINION ON DEFENDANTS' MOTION FOR DISMISSAL OR STAY AND DEFENDANTS' MOTION TO VACATE SEQUESTRATION ORDER

QUILLEN, Chancellor:

This is the Court's opinion and order on defendants' motions seeking dismissal or stay of this action and vacation of a sequestration order.

The plaintiff in this action, Life Assurance Company of Pennsylvania (hereinafter "LACOP") is a Pennsylvania corporation engaged in the business of the sale of insurance through agents...

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