Legal Opinion
Allied Chemical & Dye Corp. v. Steel & Tube Co. of America
Court of Chancery of Delaware
Decided July 31, 1923PublishedCited by 24 opinions
1Opinion of the Court
The Chancellor.
The theory which underlies this application is that The Steel and Tube Company of America ought not to be allowed to put itself into such condition as would make it impossible, in case the sale is eventually set aside, to restore to The Youngstown Sheet & Tube Company the money which has been paid as the consideration price; that if The Steel and Tube Company of America is permitted to reduce its capital to about 1,000 shares of the par value of $2 and distribute the excess to its stockholders, as is proposed, then in case the complainants shall finally succeed in securing a…
2Cases cited6 opinions
- Geddes v. Anaconda Copper Mining Co.Supreme Court of the United States · 1921
- Davidson v. CalkinsU.S. Circuit Court for the District of Southern California · 1899
- Ayres v. Pennsylvania RailroadSupreme Court of New Jersey · 1890
- Huntington v. City of New YorkU.S. Circuit Court for the District of Southern New York · 1902
- Wilkinson v. DobbieU.S. Circuit Court for the District of Northern New York · 1874
1 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Gimbel v. Signal Companies, Inc.Court of Chancery of Delaware · 1974
- Danby v. Osteopathic Hospital Ass'n of DelawareCourt of Chancery of Delaware · 1953
- Porges v. Vadsco Sales Corp.Court of Chancery of Delaware · 1943
- DuPont Bayard v. MartinSupreme Court of Delaware · 1953
- Danby v. Osteopathic Hospital Ass'nCourt of Chancery of Delaware · 1953
19 more not listed; retrieve them via the Exa API.