Opinion

Brown v. Fidelity Union Trust Co.

  • 133 N.J. Eq. 278
  • 31 A.2d 811
  • 1943 N.J. LEXIS 457
Court
Supreme Court of New Jersey
Filed
Apr 30, 1943
Status
Published
Author
Bodine
On the bench
Bodine
Cited by
1 cases
Authority
More cited than 46.0%

The opinion

The opinion of the court was delivered by

Bodine, J.

The complainant charges mismanagement of a trust estate of which she is beneficiary. She seeks discovery and an accounting. The trustee, in the meantime, secured an order from the Court of Chancery permitting it to purchase for cash for full value certain questioned securities.

It is clear from the opinion of the learned Vice-Chancellor that all questions to be settled in the litigation remain open, even the question of interest and the rate thereof. The only thing accomplished by the order was to improve the trust estate by substituting legáis for securities in doubt, and in no way does it end the-litigation.

The order appealed from so modified is affirmed.

*279

For modification

— The Chief-Justice, Paekee, Case, Bodine, Donges, Hehbe, Pehskie, Poktek, Wells, Rafferty, JJ. 10.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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