Legal Opinion

Sternbergh v. Brock

Supreme Court of Pennsylvania

Decided June 22, 1909No. Appeal, No. 11PublishedCited by 34 opinions

Appeal, No. 11, Jan. T., 1909, by-plaintiffs, from decree of C. P. No. 4, Phila. Co., March T., 1907, No. 1,624, dismissing bill in equity in case of J. H. Sternbergh et al. v. Arthur Brock et al. directors, and H. M. Richards, treasurer of the American Iron & Steel Manufacturing Company and the said American Iron & Steel Manufacturing Company. Bill in equity for an injunction. Before Audenried, J. The facts are set forth in the opinion of the Supreme Court.

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Appeal, No. 11, Jan. T., 1909, by-plaintiffs, from decree of C. P. No. 4, Phila. Co., March T., 1907, No. 1,624, dismissing bill in equity in case of J. H. Sternbergh et al. v. Arthur Brock et al. directors, and H. M. Richards, treasurer of the American Iron & Steel Manufacturing Company and the said American Iron & Steel Manufacturing Company. Bill in equity for an injunction. Before Audenried, J. The facts are set forth in the opinion of the Supreme Court. Error assigned was decree dismissing the bill.

1Opinion of the Court

Opinion bt

Mr. Justice Potter,

On July 7, 1899, four manufacturing concerns, the Pennsylvania Bolt and Nut Company, J. H. Sternbergh & Son, the Lebanon Iron Company and the East Lebanon Iron Company, entered into an agreement, by which they were to transfer to a proposed corporation, the whole of their respective “plants, franchises, good-will, business, patents, trademarks and property of every sort and kind.” The agreement further provided that they should receive for the property so transferred full paid and nonassessable preferred stock of the proposed corporation, of the par value of…

2Cases cited3 opinions

  1. West Chester & Philadelphia Railroad v. JacksonSupreme Court of Pennsylvania · 1875
  2. Fidelity Trust Co. v. Lehigh Valley RailroadSupreme Court of Pennsylvania · 1906
  3. Kane v. Schuylkill Fire InsuranceSupreme Court of Pennsylvania · 1901

3Cited by34 opinions

  1. Tustin v. Philadelphia & Reading Coal & Iron Co.Supreme Court of Pennsylvania · 1915
  2. Cresswell v. United StatesUnited States Court of Claims · 1959
  3. Mascaro v. Snelling & Snelling of Baltimore, Inc.Court of Appeals of Maryland · 1968
  4. Heilwood Fuel Co. v. Manor Real Estate Co.Supreme Court of Pennsylvania · 1961
  5. St. Louis Southwestern Railway Co. v. LoebSupreme Court of Missouri · 1958

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