Calnan v. Guaranty Security Corp.

These are two suits in equity brought by minority stockholders of the defendant Guaranty Security Corporation (herein called the Guaranty Corporation) against that company, the Finance Corporation of New England (herein called the Finance Corporation) and the individual defendants, who are directors of both companies, to enjoin the sale of the assets of the Guaranty Corporation to the Finance Corporation in exchange for bonds of the Finance Corporation to be delivered to the preferred shareholders of the Guaranty Corporation; or, if it shall appear that such sale of the assets of the Guaranty…