W. G. W. Distributing Co. v. Lowy

The opinion of the court was delivered by

Bodine, J.

An appeal from a decree of an interpleader action brings before the court the respective claims of Harry McLaughlin and Dorothy Lowy to a liquidating dividend in a quarter interest in the W. G. W. Distributing Company. The appeal of Harry P. Lowy was not perfected and there is no appeal by any party from the claim of Mrs. Liberies, the legal owner of a three-quarter interest in the company. The case concerns the preferred stock since that is the only stock that can participate in the liquidation. The court of chancery quite properly decided…