Legal Opinion

Blanchard v. Prudential Insurance Co. of America

Supreme Court of New Jersey

Decided April 26, 1912PublishedCited by 6 opinions

On appeal from a decree advised by Vice-Chancellor Howell, whose opinion is reported in 78 N. J. Bq. (8 Buch.) 471.

1Opinion of the Court

The opinion of the court was delivered by

Kalisch, J.

A bill of complaint was filed in the court-of chancery against the Prudential Insurance Company by Leon E. Blanchard in behalf of himself and other stockholders of said company who might come in, to compel a distribution to them, by way of dividend,' of an equitable portion of the surplus from accumulated profits amounting to $2,500,000, which had been alleged to he available for the purpose by the directors of said company and arbitrarily and illegally “in a way fraudulent in law and subversive of the rights of the stockholders not…

2Cited by6 opinions

  1. Leggett v. Missouri State Life Insurance CompanySupreme Court of Missouri · 1960
  2. Advanced Telecommunications Network, Inc. v. Allen (In Re Advanced Telecommunications Network, Inc.)United States Bankruptcy Court, M.D. Florida · 2005
  3. Hess, Aud. v. Insurance Co.Ohio Supreme Court · 1927
  4. Morrison v. State Bank of WheatlandWyoming Supreme Court · 1942
  5. Cohen v. Prudential Ins. Co.New Jersey Superior Court Appellate Division · 1959

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