Laird v. Clearfield & Mahoning Railway Co.
Supreme Court of Pennsylvania
1Opinion of the Court
*324 OPINION
Justice EAKIN.
Appellants, the minority shareholders of the Clearfield & Mahoning Railroad (C & M), filed a complaint against C & M and its successors (appellees) advancing derivative claims for breach of contract, breach of fiduciary duties, tortious interference with contractual relations, and conspiracy to defraud. Appellee Buffalo, Rochester, & Pittsburgh Railway Company (BR & P) created and incorporated C & M in 1892. BR & P gave C & M ownership of 27.4 miles of railroad trackage, which C & M then leased back to BR & P under a lease agreement executed in 1893. The lease agreement…
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- Coleman v. ColemanSupreme Court of Pennsylvania · 1987
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