Brown v. McLanahan

COLEMAN, District Judge.

This proceeding is now before the Court on a motion of the individual defendants to dismiss the complaint for failure to state a claim upon which relief can be granted.

The action is brought by the purchaser of voting trust certificates representing 500 shares of preferred stock of the Baltimore Transit Company, a Maryland corporation, out of 233,427 of such shares outstanding, for the purpose of having this Court declare null and void the action taken by the voting trustees of the Company on June 21, 1944, in adopting an amendment to the Company’s charter, which had…