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WILMINGTON TRUST COMPANY v. SCHNEIDER

320 A.2d 709 (1974)

WILMINGTON TRUST COMPANY et al., Defendants Below, Appellants, v. Francis J. SCHNEIDER, Jr., et al., Plaintiffs Below, Appellees.

Supreme Court of Delaware.

May 2, 1974.

Attorney(s) appearing for the Case

Rodney M. Layton and Wendell Fenton, of Richards, Layton & Finger, Wilmington, for Wilmington Trust Co., defendant below, appellant.

Henry N. Herndon, Jr., and Eduard F. vonWettberg, III, of Morris, James, Hitchens & Williams, Wilmington, for Bank of Del., defendant below, appellant.

Charles F. Richards, Jr., Martin I. Lubaroff and Stephen E. Herrmann of Richards, Layton & Finger, Wilmington, for Farmers Bank of the State of Del., defendant below, appellant.

David Roeberg, of Potter & Roeberg, Wilmington, for plaintiffs below, appellees.

CAREY, J., and STIFTEL and CHRISTIE, Judges, sitting.

CAREY, Justice:

The appellees, Francis J. Schneider, Jr., Paul McCartney and Kenneth Richardson, Jr., instituted this action in the Court of Chancery against Wilmington Trust Company, Bank of Delaware, and Farmers Bank of the State of Delaware, appellants. The action was brought as a class action, the complaint alleging that the appellees and the members of the class were charged interest on loans exceeding that allowed by law. The suit is based upon 6 Del.C. §...

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