Legal Opinion
Delavan v. . N.Y., N.H. H.R.R. Co.
New York Court of Appeals
Decided December 7, 1915PublishedCited by 7 opinions
1Opinion of the Court
The plaintiffs are minority stockholders in the Rutland Railroad Company. The New York Central and Hudson River Railroad Company owned 66,981 shares in the same corporation, constituting a majority of the capital stock. It sold and transferred 23,033½ shares, being one-half of a controlling interest, to the New York, New Haven and Hartford Railroad Company for about $105 a share; and in November, 1911, it agreed to sell to the New Haven 23,033½ shares more. The complaint attacks this sale and proposed sale as illegal on the ground that they are in furtherance of a conspiracy in restraint of…
2Cases cited3 opinions
- D. R. Wilder Manufacturing Co. v. Corn Products Refining Co.Supreme Court of the United States · 1915
- Matter of NortonNew York Court of Appeals · 1899
- Delavan v. New York, New Heaven & Hartford RailroadAppellate Division of the Supreme Court of the State of New York · 1912
3Cited by7 opinions
- Adirondack League Club v. Board of Black River Regulating DistrictNew York Court of Appeals · 1950
- Millard v. Delaware, Lackawanna & Western RailroadAppellate Division of the Supreme Court of the State of New York · 1923
- People v. SchildhausNew York Court of Appeals · 1960
- Matter of Lyon Co. v. MorrisNew York Court of Appeals · 1933
- In re CostelloAppellate Division of the Supreme Court of the State of New York · 1944
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