Brassey v. New York & N. E. R.

The petitioners have put their case upon the ground that neither the allegations of the original bill nor the facts in regard to the New York & New England .Railroad Company existing at the time of the appointment of the receiver justified the order, but that, on the contrary, the institution of the suit and the procurement of the vote of the directors at a special meeting assenting to the proposed appointment were a plan on the part of sundry directors and the president to injure the corporation, perhaps for selfish purposes. On the other hand, the corporation and the trustees of the second…