Legal Opinion
Murphy v. North American Light & Power Co.
Court of Appeals for the Second Circuit
Decided July 26, 1939No. Nos. 281, 282PublishedCited by 7 opinions
1Opinion of the Court
AUGUSTUS N. HAND, Circuit Judge.
The above suits were consolidated and heard by the District Court on an agreed statement of facts and resulted in identical decrees against the defendant. They were suits by preferred stockholders of Power Company asserting by derivation alleged rights of that company against North American under a contract dated March 27, 1931.
The Power Company is a public utility holding company organized under the laws of Delaware and at the date of the contracts had 2,000,000 shares of authorized common stock, without par value, of which 1,516,586 shares were outstanding.…
2Cases cited4 opinions
- Kirke La Shelle Co. v. Paul Armstrong Co.New York Court of Appeals · 1933
- Patterson v. . MeyerhoferNew York Court of Appeals · 1912
- Manners v. MoroscoSupreme Court of the United States · 1920
- Wigand v. . Bachmann-Bechtel Brewing Co.New York Court of Appeals · 1918
3Cited by7 opinions
- Vanadium Corp. v. Fidelity & Deposit Co. of MarylandCourt of Appeals for the Second Circuit · 1947
- Murphy v. North American Light & Power Co.District Court, S.D. New York · 1940
- Whelan v. Griffith Consumers CompanyDistrict of Columbia Court of Appeals · 1961
- In re North American Light & Power Co.Court of Appeals for the Third Circuit · 1948
- Dederick v. North American Co.District Court, S.D. New York · 1942
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