Russ v. Blair

This is a chancery action to nullify the extension of a stock trust and to compel the sale of the trust property or a termination of the trust. Plaintiffs moved for a decree on the pleadings and stood by their motion after its denial. On defendants’ motion the trial court dismissed the amended complaint for want of equity and plaintiffs have appealed.

October 29, 1935, the Bondholders Protective Committee of the Embassy Hotel submitted to the bondholders a plan for reorganization of the Hotel Corporation. With the plan was submitted a copy of a Securities and Exchange Commission’s registration…