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MANN v. OPPENHEIMER & CO.

No. 154, 1985.

517 A.2d 1056 (1986)

Sylvia Martin MANN and R. Allen Martin, Trustees Under Deed of Trust Dated June 26, 1972, for the Benefit of Alana Martin Frumkes, and R. Allan Martin, Individually, Plaintiffs Below, Appellants, v. OPPENHEIMER & CO., a Delaware Corporation, Defendant Below, Appellee.

Supreme Court of Delaware.

Decided: October 30, 1986.

Attorney(s) appearing for the Case

William Prickett and Vernon R. Proctor, of Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, Mordecai Rosenfeld (argued), Mordecai Rosenfeld, P.C., of counsel, New York City for appellants.

E. Norman Veasey, Donald A. Bussard, and Thomas A. Beck, of Richards, Layton & Finger, Wilmington, Joseph S. Allerhand (argued), Dennis J. Block, and Myrna S. Levine, of Weil, Gotshal & Manges, of counsel, New York City, for appellee.

Before CHRISTIE, C.J., and HORSEY and MOORE, JJ.

MOORE, Justice:

In this class action charging the defendant Oppenheimer and Company ("Oppenheimer" or "the Company") with fraud in the exchange of its 18% Volume-Indexed Debentures (the debentures), the plaintiffs Sylvia Martin Mann and R. Allan Martin appeal a decision of the Court of Chancery granting summary judgment to Oppenheimer. The complaint alleges that Oppenheimer violated...

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