Legal Opinion

Commonwealth Title Insurance & Trust Co. v. Seltzer

Supreme Court of Pennsylvania

Decided January 18, 1910No. Appeal, No. 150PublishedCited by 42 opinions

Jan. T., 1909, by í Earles M. Seltzer and J. Haseltine Carstairs, defendants, and íipueal, No. 183, Jan. T., 1909, by tbe Commonwealth Title insurance & Trust Company, and Frank L. Lyle, Executors of Charles E. Ellis, deceased, plaintiffs, from decree of C. P. No. 4, Phila. Co., Dec.

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Jan. T., 1909, by í Earles M. Seltzer and J. Haseltine Carstairs, defendants, and íipueal, No. 183, Jan. T., 1909, by tbe Commonwealth Title insurance & Trust Company, and Frank L. Lyle, Executors of Charles E. Ellis, deceased, plaintiffs, from decree of C. P. No. 4, Phila. Co., Dec. T., 1905, No. 4,952, in case of the Commonwealth Title Insurance & Trust Company and Frank L. Lyle, Executors of Charles E. Ellis, deceased, the Fidelity . Trust Company, Trustee for Charles N. Davis, Kate C. White and Mary W. White, Executrices of William J. P. White, deceased, and Benson W. Conrad, stockholders…

1Opinion of the Court

Opinion by

Mr. Justice Moschzisker,

March 14, 1910:

Two of the defendants have appealed from a decree ordering them to pay to the plaintiffs certain sums representing illegal profits found to have been made by these defendants as officers of a corporation in which the plaintiffs were stockholders. One of the two defendants was the president and the other was a director of this corporation. The corporation had practically its whole capital invested in a valuable piece of real estate. The first of the defendants came in contact with the agent of another corporation which desired to buy this real…

2Cases cited3 opinions

  1. Bird Coal & Iron Co. v. HumesSupreme Court of Pennsylvania · 1893
  2. Woodward v. CarsonSupreme Court of Pennsylvania · 1904
  3. Wildee v. McKeeSupreme Court of Pennsylvania · 1886

3Cited by42 opinions

  1. Jane Perlman v. C. Russell Feldmann, Newport Steel CorporationCourt of Appeals for the Second Circuit · 1955
  2. Bailey v. JacobsSupreme Court of Pennsylvania · 1936
  3. Shlensky v. South Parkway Building Corp.Illinois Supreme Court · 1960
  4. McDougall v. Huntingdon & Broad Top R. & C. Co.Supreme Court of Pennsylvania · 1928
  5. Collins v. KephartSupreme Court of Pennsylvania · 1921

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