Holton v. Wallace

AOHESON, Circuit Judge.

This bill was brought by Forbes Hol-ton, as a stockholder of the New Castle Northern Bailway Company, “on behalf of himself and other stockholders of said company,” a corporation of the state of Pennsylvania, against O. S. Wallace and several other individuals, citizens of Pennsylvania, to enforce alleged rights of the corporation. No one has intérvened, and the suit stands as when brought. The bill was filed on December 2, 1892. It sets up two causes of action: First. The liability to the corporation of the defendant C. S. Wallace as assignee of certain unpaid shares…