Theis v. Durr
Wisconsin Supreme Court
'Appeal from a judgment of the circuit court for Milwaukee county: Laweewce W. Halsey, Circuit Judge. Tin's was an equitable action to annul proceedings of the majority of the stockholders of the defendant corporation, reducing its authorized capital stock for the special advantage ■of those who had not paid in full their subscriptions therefor.
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'Appeal from a judgment of the circuit court for Milwaukee county: Laweewce W. Halsey, Circuit Judge. Tin's was an equitable action to annul proceedings of the majority of the stockholders of the defendant corporation, reducing its authorized capital stock for the special advantage ■of those who had not paid in full their subscriptions therefor. The issues and the nature of the evidence, so far as necessary to the questions raised upon the appeal, are indicated by this summary of facts found by the court: November 3, 1897, plaintiffs G. Fodolí and H. W. Theis, with the defendants iO. J. Fox,…
1Opinion of the CourtMaeshall, J.
According to tbe facts found as indicated, and they are not only well supported by tbe evidence but in tbe main are admitted by tbe answer, tbe dominating spirits among appellants conceived that by tbe preliminary contract mentioned in tbe statement they got tbe worst of tbe bargain in agreeing to contribute $20,000 in money against, as an equivalent, tbe patent right, to make up a capital of $40,000, in a corporation organized to acquire and use in all legitimate ways sucb patent right, and sought by means of tbe statutory authority to reduce capital stock in sucb an organization to even up…
2Cases cited3 opinions
- Robotham v. Prudential Insurance Co. of AmericaNew Jersey Court of Chancery · 1903
- Niagara Shoe Co. v. TobeyAppellate Court of Illinois · 1897
- Berger v. United States Steel Corp.New Jersey Court of Chancery · 1902
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- Data Key Partners v. Permira Advisors LLCWisconsin Supreme Court · 2014
- Martin v. American Potash & Chemical Corp.Supreme Court of Delaware · 1952
- Figge v. BergenthalWisconsin Supreme Court · 1907
- Steven v. Hale-Haas Corp.Wisconsin Supreme Court · 1946
- Johnson v. Bradley Knitting Co.Wisconsin Supreme Court · 1938
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