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SERGESON v. DELAWARE TRUST CO.

413 A.2d 880 (1980)

J. Kenneth SERGESON, Edwin M. Sickler, Jr., Janet A. Caggiano, John K. Ashcraft, Donald L. Masten and L. Baker Dietrich, Plaintiffs Below, Appellants, v. DELAWARE TRUST COMPANY and William S. Satterthwaite, Co-Trustees under Will of Henry Gregg Danby, and Michael Stern, Defendants Below, Appellees.

Supreme Court of Delaware.

Decided March 25, 1980.

Attorney(s) appearing for the Case

Edward M. McNally (argued), and George C. Hering, III, of Morris, James, Hitchens & Williams, Wilmington, for plaintiffs-appellants.

Daniel F. Lindley (argued), and Blaine T. Phillips of Potter, Anderson & Corroon, Wilmington, for appellees Delaware Trust Co. and William S. Satterthwaite.

Jeffrey M. Weiner (argued), and Howard M. Handelman of Bayard, Brill & Handelman, Wilmington, for appellee Michael Stern.

Before McNEILLY, QUILLEN and HORSEY, JJ.

PER CURIAM:

The letter opinion of the Vice Chancellor stated the basic facts in the following accurate manner.

"This action is one which seeks the rescission of a sale of corporate stock. The stock in question is 7,320 shares of the Penns Grove National Bank and Trust Company, a New Jersey corporation. The plaintiffs are a group of individuals affiliated with the bank who were interested in purchasing the stock for...

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