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BUFORD v. WILMINGTON TRUST CO.

No. 87-1507.

841 F.2d 51 (1988)

Anthony A. BUFORD, Jr. v. WILMINGTON TRUST COMPANY, Appellant.

United States Court of Appeals, Third Circuit.

Decided February 25, 1988.

Attorney(s) appearing for the Case

Lawrence J. Fox (argued), Lawrence A. Nathanson, Drinker, Biddle & Reath, Philadelphia, Pa., for appellant, Wilmington Trust Co.

David Berger, Robert P. Frutkin (argued), Nita M. Fandray, Berger & Montague, P.C., Philadelphia, Pa., for appellee, Anthony A. Buford, Jr.

Before GIBBONS, Chief Judge, WEIS and GREENBERG, Circuit Judges.

OPINION

GIBBONS, Chief Judge:

In this diversity breach of contract action defendant Wilmington Trust Company (Wilmington) appeals from a judgment of $732,178.76 in favor of plaintiff Anthony A. Buford, Jr. (Buford). The contract in issue is an Agreement and Plan of Reorganization dated April 19, 1984, in which Buford, as seller, agreed to transfer all his stock in The Pennsylvania Group, Incorporated (Penn Group) to Wilmington in exchange for (1) Wilmington...

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