Legal Opinion
Riddle v. Mary A. Riddle Co.
New Jersey Court of Chancery
Decided May 29, 1948No. Docket 158/192PublishedCited by 6 opinions
1Opinion of the Court
The gist of this action, briefly stated, is a violation of the trust duty owed by a majority of the board of directors, who are as well the owners of a majority of the stock of the Mary A. Riddle Company, to the minority stockholders of the said company. The prayer is for the appointment of a receiver and an accounting by said majority stockholders. The corporation is admittedly solvent. Originally, the application was made for a custodial receiver and a preliminary restraint, which application was denied. See Riddle v. Mary A. Riddle Co., 140 N.J. Eq. 315;54 Atl. Rep. 2d 607.
Complainants are…
2Cases cited18 opinions
- Ellerman v. Chicago Junction Railways & Union Stockyards Co.New Jersey Court of Chancery · 1891
- Kelly v. Kelly-Springfield Tire Co.New Jersey Court of Chancery · 1930
- Lillard v. Oil, Paint & Drug Co.New Jersey Court of Chancery · 1903
- Bowes v. Public Service Railway Co.Supreme Court of New Jersey · 1920
- Marr v. MarrSupreme Court of New Jersey · 1908
13 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Romanik v. Lurie Home Supply Center, Inc.Appellate Court of Illinois · 1982
- BD. OF ED. OF BAYONNE v. KolmanNew Jersey Superior Court Appellate Division · 1970
- Miller v. Blatstein (In Re Main, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 1999
- Thatcher v. Jerry O'Mahony, Inc.New Jersey Superior Court Appellate Division · 1956
- Bermann v. MethSupreme Court of Pennsylvania · 1969
1 more not listed; retrieve them via the Exa API.