Lloyd v. Pennsylvania Electric Vehicle Co.
Supreme Court of New Jersey
On appeal from a decree advised by Vice-Chancellor Learning, whose opinion is reported in 73 N. J. Fq. (3 Buck.) B70.
1Opinion of the Court
The opinion of the court was delivered by
Swayze, J.
The question involved in this case is the distribution of a surplus remaining in the hands of the trustees in liquidation of the Pennsylvania Electric Vehicle Company after payment of the debts. The controversy is between the preferred stockholders, whose claims will absorb the whole surplus in case they are entitled to a preference in the distribution, and the common stockholders. The vice-chancellor decided in-favor of the preferred stockholders.
The question to be decided is one of contract, and the contract of the preferred and common…
2Cases cited2 opinions
- Warren v. KingSupreme Court of the United States · 1883
- Chaffee v. Rutland RailroadSupreme Court of Vermont · 1882
3Cited by7 opinions
- Gaskill v. Gladys Belle Oil Co.Court of Chancery of Delaware · 1929
- Niles v. Ludlow Valve Mfg. Co.District Court, S.D. New York · 1912
- Hewitt v. Linnhaven Orchard Co.Oregon Supreme Court · 1918
- Shintom Co., Ltd. v. Audiovox Corp.Supreme Court of Delaware · 2005
- In re BrophySupreme Court of New Jersey · 1935
2 more not listed; retrieve them via the Exa API.