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.
Supreme Court of Delaware.
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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