Cahall v. Lofland
Court of Chancery of Delaware
Bill for Accounting. The bill seeks to recover from former officers and directors of a dissolved corporation, and others who had business transactions with said officers and directors, moneys and property alleged to be due said company. The cause was heard on bill, amended bill, answers, testimony of witnesses produced before and heard orally by the Chancellor and exhibits, and the facts are sufficiently stated in the opinion of the Chancellor.
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Bill for Accounting. The bill seeks to recover from former officers and directors of a dissolved corporation, and others who had business transactions with said officers and directors, moneys and property alleged to be due said company. The cause was heard on bill, amended bill, answers, testimony of witnesses produced before and heard orally by the Chancellor and exhibits, and the facts are sufficiently stated in the opinion of the Chancellor. See, also, ante p. 125, 107 Atl. 769, and ante p. 162, 108 Atl. 752.
1Opinion of the Court
The Chancellor.
The bill is by the receiver of a corporation voluntarily dissolved to recover from those who were formerly its officers and directors moneys which they wrongly took from the company in transactions with it, and to recover from them and others property of the company which had been improperly disposed of by the officers and directors thereof.
Lewes Fisheries Company was incorporated in January, 1911, to catch fish and sell the oil and fertilizing scrap obtained therefrom. It began business January 31, 1911. Its business was conducted in Lewes, Delaware, and for this purpose it…
2Cases cited22 opinions
- von Arnim v. American Tube WorksMassachusetts Supreme Judicial Court · 1905
- Lofland v. CahallSupreme Court of Delaware · 1922
- Whitten v. DabneyCalifornia Supreme Court · 1915
- Washer v. SmyerTexas Supreme Court · 1919
- City of Findlay v. PertzCourt of Appeals for the Sixth Circuit · 1895
17 more not listed; retrieve them via the Exa API.
3Cited by56 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Stroud v. GraceSupreme Court of Delaware · 1992
- Keenan v. EshlemanSupreme Court of Delaware · 1938
- Michelson v. DuncanSupreme Court of Delaware · 1979
- Zahn v. Transamerica CorporationCourt of Appeals for the Third Circuit · 1947
51 more not listed; retrieve them via the Exa API.