Legal Opinion
Marks v. Autocar Company
District Court, E.D. Pennsylvania
Decided September 4, 1954No. Civ. A. 16075PublishedCited by 23 opinions
1Opinion of the Court
KIRKPATRICK, Chief Judge.
The plaintiff, the beneficial owner of 1,400 shares of common stock of the defendant, Autocar, brought this action to obtain a money judgment for the value of her stock.
She was a minority stockholder and dissented from and voted against Auto-car’s adoption of a plan by which Auto-car transferred the bulk of its assets to White in exchange for White stock, which it then distributed to its own stockholders, in a dissolution proceeding.
She bases her case upon the principle of law declared in Lauman v. Lebanon Valley Railroad Company, 30 Pa. 42, and not since departed…
2Cases cited1 opinion
- Lauman v. Lebanon Valley RailroadSupreme Court of Pennsylvania · 1858
3Cited by23 opinions
- Turner v. Bituminous Casualty Co.Michigan Supreme Court · 1976
- Stanley Knapp, Jr. v. North American Rockwell Corporation v. Mrs. Smith's Pie Company, Third-Party-DefendantCourt of Appeals for the Third Circuit · 1974
- McKee v. Harris-Seybold Co.New Jersey Superior Court Appellate Division · 1970
- Farris v. Glen Alden Corp.Supreme Court of Pennsylvania · 1958
- Applestein v. United Board & Carton Corp.New Jersey Superior Court Appellate Division · 1960
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