McCallum v. Corn Products Co.
Appellate Division of the Supreme Court of the State of New York
Appeal by the plaintiff, David McCallum, from a judgment of the Supreme Court in favor of the defendant, entered in the office of the clerk of the county of New York on the 21st day of January, 1908, upon the verdict of a jury, rendered by direction of the court, and also from an order entered in said clerk’s office on the lltli day of February, 1908, denying the plaintiff’s motion for a new trial made upon the minutes.
1Opinion of the Court
McLaughlin, J.:
The defendant is a foreign corporation organized under the laws of the State of New Jersey. In and prior to the year 1903 a reorganization was in progress whereby the defendant — which was what is called a holding company — was acquiring the stock of five other New Jersey corporations. According to the plan of reorganization holders of the stock of the other companies might surrender their stock to the bankers in charge of the reorganization and *619receive in exchange stock of the defendant. On January 1, 1903, the defendant had acquired, owned and then held about nine-tenths of…
2Cases cited3 opinions
- Hazelton v. SheckellsSupreme Court of the United States · 1906
- Mills v. . MillsNew York Court of Appeals · 1869
- Stern v. McKeeAppellate Division of the Supreme Court of the State of New York · 1902
3Cited by3 opinions
- Daly v. RizzuttoWashington Supreme Court · 1910
- Chard v. Ryan-Parker Construction Co.Appellate Division of the Supreme Court of the State of New York · 1918
- Wright v. FissellNew Jersey Court of Chancery · 1921