Bracken v. Duquesne Electric & Manufacturing Co.

Opinion

Per Curiam,

In a declaratory judgment proceeding, the plaintiffs, owners of certain shares of stock in the Duquesne Electric & Manufacturing Company (Duquesne) sought a determination of their right to vote in connection with the reclassification of shares of stock of the corporation. The court below entertained the action, and, after hearing, entered a declaratory judgment in favor of the defendants. The plaintiffs appealed.

The issue involved depends upon the interpretation of an agreement entered into on December 1, 1958, by *495all of the shareholders of Duquesne, a family owned…