History EndsThe Man In The High Castle : Season...
History EndsThe Man In The High Castle : Season... >>> https://bltlly.com/2tFQ83
Though unique political history and circumstances converged in 1792, the survival of the Delaware Court of Chancery was by no means assured. However, the highly qualified nineteenth century chancellors in this small conservative state not bothered by urban or agrarian radicalism (36) developed the principles, procedures, and practice that enabled the Court to evolve into a forum nationally recognized for resolution of corporate disputes.
A highlight of Chancellor Harrington's watch in corporate law was the insider trading case of Brophy v. Cities Services Co., 31 Del.Ch. 241, 70 A.2d 5 (Ch.1949) (holding that an employee who purchased the stock of a corporation after learning inside information of an impending repurchase program by the corporation must account to the corporation for his profits on subsequent sales). (82) Chancellor Harrington was a student of local history and his tenure was characterized by his Kent County warmth and simplicity. Collins Seitz reported perhaps the most telling story about Chancellor Harrington:
The Seitz years had many highlights but perhaps the most memorable occurred while he was Vice Chancellor. He decided the landmark stockholder pooling agreement case, Ringling v. Ringling Bros.-Barnum & Bailey Combined Shows, Inc., 29 Del.Ch. 318, 49 A.2d 603 (Ch.1946), while serving as a statutory Vice Chancellor. Although the Supreme Court in its modifying decision rejected the Seitz view that the voting agreement was specifically enforceable, Ringling Bros.-Barnum & Bailey Combined Shows v. Ringling, 29 Del.Ch. 610, 53 A.2d 441 (Supr.Ct.1947), the Seitz view ultimately prevailed, at least by clear implication, in the 1967 statutory revision. (94) Another early Seitz case was Security Trust Co. v. Sharp, 32 Del.Ch. 3, 77 A.2d 543 (Ch.1950), an opinion and decision upholding the validity of the assignment of trust income which ultimately added some fifty million dollars to the University of Delaware Endowment Fund. And no mention of Chancellor Seitz' career would be complete without noting Bata v. Hill, 37 Del.Ch. 96, 139 A.2d 159 (Ch.1958), probably the longest trial in the State's history (100 days). Not one party was an American and the governing law was primarily Czech. 781b155fdc