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JUDAH v. DELAWARE TRUST CO.

378 A.2d 624 (1977)

S. A. JUDAH, etc., Appellant and Cross Appellee, v. DELAWARE TRUST COMPANY, etc., Appellee and Cross Appellant, and Shanghai Power Company, Appellee.

Supreme Court of Delaware.

Decided August 11, 1977.

Petition for Reargument Denied October 3, 1977.

Attorney(s) appearing for the Case

Irving Morris, and Joseph A. Rosenthal, of Morris & Rosenthal, Wilmington, and Hart H. Spiegel, Philip W. Coyle, and David J. Wynne, of Brobeck, Phleger & Harrison, San Francisco, Cal., for appellant and cross-appellee, S. A. Judah.

Hugh L. Corroon, and Somers S. Price, Jr., of Potter, Anderson & Corroon, Wilmington, for appellee and cross-appellant, Delaware Trust Co.

Rodney M. Layton, and R. Franklin Balotti, of Richards, Layton & Finger, Wilmington, and Richard C. Allison, and Marvin G. Goldman, of Reid & Priest, New York City, for appellee, Shanghai Power Co.

S. Samuel Arsht, and Lewis S. Black, Jr., of Morris, Nichols, Arsht & Tunnell, Wilmington, and Richard M. Buxbaum, Berkeley, Cal., for amicus curiae for Warren R. Rado.

Before McNEILLY, J., and O'HARA and WALSH, JJ.

McNEILLY, Justice:

In this declaratory judgment action, seeking a determination that certain stock and debentures of plaintiff Shanghai Power Company (SPC) are without value, the primary question before this Court is whether the Court of Chancery properly granted SPC's motions for summary judgment against defendants S. A. Judah (Judah) and Delaware Trust Company (DTC).1

I.

Because...

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