Macht v. Merchants Mortgage & Credit Co.

The Chancellor:

Merchants Mortgage and Credit Company, hereinafter referred to as Merchants, and Home Finance Company, hereinafter referred to as Home, are corporations of this State. The evidence shows them to be dominated and controlled by the defendant, Harry Ades. The defendants, Sigmund Ades and Sylvia Ades Norinsky, are the children of Harry Ades and the defendant Fannie Ades is his wife. The principal object sought by the bill is to enjoin Home and individual defendants from voting certain shares of the preferred stock of Merchants at a meeting of preferred stockholders of Merchants,…