Legal Opinion

Pergament v. Frazer

District Court, E.D. Michigan

Decided August 11, 1950No. Civ. A. 7354PublishedCited by 21 opinions

1Opinion of the Court

advisable to set forth chronologically certain facts concerning the several stockholders’ derivative actions affected by our decision of the main question before this court.

On February 9, 1948, James F. Master-son of Philadelphia, Pa., started a stockholders’ derivative suit in the Circuit Court for Wayne County, Michigan, against Kaiser-Frazer Corporation and Otis & Co., et al., including certain of their officers and directors. Otis. & Co. was made a defendant because plaintiff sought to enjoin carrying out of a proposed sale of 1,500,000 shares of Kaiser-Frazer stock that Otis & Co. was…

2Cases cited71 opinions

  1. Erie Railroad v. TompkinsSupreme Court of the United States · 1938
  2. Mullane v. Central Hanover Bank & Trust Co.Supreme Court of the United States · 1950
  3. Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
  4. Pepper v. LittonSupreme Court of the United States · 1939
  5. Guaranty Trust Co. v. YorkSupreme Court of the United States · 1945

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3Cited by21 opinions

  1. Fed. Sec. L. Rep. P 98,755, Fed. Sec. L. Rep. P 99,074 William B. Weinberger v. James C. Kendrick, Charles M. CoyneCourt of Appeals for the Second Circuit · 1983
  2. Schneider v. SearsDistrict Court, S.D. New York · 1967
  3. Fed. Sec. L. Rep. P 98,777, 11 Fed. R. Evid. Serv. 781 Chemetron Corporation, Cross-Appellant v. Business Funds, Inc., Cross-AppelleesCourt of Appeals for the Fifth Circuit · 1982
  4. Valerio v. Boise Cascade Corp.District Court, N.D. California · 1978
  5. Masterson v. PergamentCourt of Appeals for the Sixth Circuit · 1953

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