Allen v. Distilling Co. of America

Lane, Y. C.

The three suits involve the same facts. The difference is as to the nature of the relief prayed. The point at issue is whether the Distilling Company of America (hereafter called “Distilling Company”) may be dissolved by its stockholders without providing for the contingent liability of the corporation upon its guaranties of the payment of dividends upon the preferred stocks of 'the United States Industrial Alcohol Company (hereafter called the “Industrial Companj'”) and the Cuba Distilling Company (hereafter called the “Cuba Company”). Complainant Allen is a preferred stockholder…