Hamilton v. United Laundries Corp.

The complainant seeks by his bill filed herein to enjoin the defendant from making payment of a dividend voted on its preferred stock at a regular meeting of its board of directors held June 2d 1932, payable July 1st, 1932. The matter sub judice is an application of complainant for a preliminary injunction. The defendant is a Delaware corporation. The proofs herein manifest that after the filing of the bill by means of which complainant seeks to enjoin payment of the aforesaid dividend, defendant's board of directors, at a special meeting held June 16th, 1932, which was called to reconsider…