Legal Opinion
E. F. Hutton & Co. v. Manufacturers National Bank of Detroit
District Court, E.D. Michigan
Decided September 16, 1966No. 28780PublishedCited by 9 opinions
1Opinion of the Court
OPINION
FREEMAN, District Judge.
In 1959, Vernors Inc. (now known as V.G.A. Co., but referred to herein by its former name) issued debentures to which were attached stock warrants, each of which represented the right to purchase 100 shares of Vernors’ stock at $8 per share. The debentures were retired in 1964, but certain of the warrants, in bearer form, remained outstanding.
On June 3,1966, the Board of Directors and the stockholders of Vernors adopted a plan of liquidation, and the Directors immediately passed a resolution declaring the first liquidating dividend in the amount of $9 per share.…
2Cases cited5 opinions
- Hamilton Watch Co. v. Benrus Watch Co., IncCourt of Appeals for the Second Circuit · 1953
- Kutsche v. FordMichigan Supreme Court · 1923
- Crane Company, an Illinois Corporation, and v. Briggs Manufacturing Company, a Michigan Corporation, AndCourt of Appeals for the Sixth Circuit · 1960
- Windham v. MorrisMichigan Supreme Court · 1963
- Briggs Manufacturing Company v. Crane Co.District Court, E.D. Michigan · 1960
3Cited by9 opinions
- Zamore v. WhittenSupreme Judicial Court of Maine · 1978
- City of Grand Junction v. Ute Water Conservancy DistrictSupreme Court of Colorado · 1995
- In Re Legel Braswell Government Securities Corporation, Bankrupt. Plano Savings & Loan Association v. Irving Trust CompanyCourt of Appeals for the Eleventh Circuit · 1983
- Ralph A. Veon, Inc. v. Hinks (In Re Ralph A. Veon, Inc.)United States Bankruptcy Court, W.D. Pennsylvania · 1981
- Bankhaus Hermann Lampe KG v. Mercantile-Safe Deposit & Trust Co.District Court, S.D. New York · 1979
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