Thursday, May 31, 2012

Sefton v. Sefton (Cal. Ct. App. - May 31, 2012)

It's neat to see a case that involves a family bank that was opened way back in 1889 and involves a fight about who currently gets to have control of the bank pursuant to a series of wills from people with the last name of Sefton.  It's even cooler when the bank in question is in your home town:  here, the San Diego Trust & Savings Bank.

It's undisputed that the Seftons get the bank, but the question is which Seftons and how much.  It's a big ticket dispute:  the shares that Grandpa Sefton owned are currently worth hundreds of millions of dollars.

Read the opinion to find out which Sefton prevails in the Court of Appeal.