Legal Opinion
O'Connor Appeal
Supreme Court of Pennsylvania
Decided October 12, 1971No. Appeal, 635PublishedCited by 16 opinions
1Opinion of the Court
Opinion by
Mr. Justice Roberts,
The appeal presents the question of whether an award made to a dissenting shareholder under §515 of the Business Corporation Law 1 was supported by competent evidence. We find that it was not, and accord ingly remand the record for a new determination of fair value. 2
The majority shareholders of Watt & Shand, a Pennsylvania corporation, amended the corporation’s articles of incorporation to eliminate cumulative voting. Appellant Laura Watt O’Connor, a dissenting shareholder, duly objected and demanded the fair value payment of her 813 shares of common stock. 3…
2Cases cited7 opinions
- Consolidated Edison Co. v. National Labor Relations BoardSupreme Court of the United States · 1938
- Kaufman Construction Co. v. HolcombSupreme Court of Pennsylvania · 1947
- Dauphin Deposit Trust Co. v. MyersSupreme Court of Pennsylvania · 1957
- Reed v. Universal C.I.T. Credit Corp.Supreme Court of Pennsylvania · 1969
- Cullen AppealSupreme Court of Pennsylvania · 1958
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3Cited by16 opinions
- In Re Jones & Laughlin Steel Corp.Supreme Court of Pennsylvania · 1984
- In Re Glosser Bros., Inc.Supreme Court of Pennsylvania · 1989
- O'Connor AppealSupreme Court of Pennsylvania · 1973
- Willard v. Moneta Building Supply, Inc.Supreme Court of Virginia · 2001
- Breniman v. Agricultural Consultants, Inc.Colorado Court of Appeals · 1992
11 more not listed; retrieve them via the Exa API.