LIEBMAN & CO. v. INSTITUTIONAL INVESTORS TRUST


406 A.2d 37 (1979)

LIEBMAN AND COMPANY, Proposed Intervenor, Appellant, v. INSTITUTIONAL INVESTORS TRUST, a Massachusetts Business Trust, Plaintiff, Appellee.

Supreme Court of Delaware.

Decided August 27, 1979.


Attorney(s) appearing for the Case

William J. Wier, Jr., of Bader, Dorsey & Kreshtool, Wilmington, for proposed intervenor-appellant.

William H. Sudell, Jr., of Morris, Nichols, Arsht & Tunnell, Wilmington, for plaintiff-appellee.

Before HERRMANN, C. J., and DUFFY and McNEILLY, JJ.


PER CURIAM:

This appeal is from an order of the Court of Chancery denying a motion to intervene and terminating a corporate receivership.

The underlying dispute involves a rental property in Newark, Delaware. Liebman and Company (Liebman) is a tenant of the property on which Institutional Investors Trust (Investors) holds a second mortgage given by Chapel Main Corp.; the latter company conveyed the property (subject to the mortgage) to the present owner (and...

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