Case v. New York Central Railroad
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtMcNally, J.
This minority stockholders’ action involves the right to tax savings resulting from the filing of Federal consolidated income tax returns by defendant New York Central Railroad Company (Central) for and in behalf of itself and its affiliates for the period September 11, 3957 to December 31,1957 and annually thereafter.
Plaintiffs are minority stockholders of Mahoning Coal Railroad Company (Mahoning), one of Central’s affiliates. Since 1884 Central or its predecessor has owned a majority of the common stock of Mahoning; and since September 11, 1957 Central has owned 80% thereof. Central is the…
2Cases cited9 opinions
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- Farmers' Loan & Trust Co. v. New York & Northern Railway Co.New York Court of Appeals · 1896
- Kavanaugh v. . Kavanaugh Knitting Co.New York Court of Appeals · 1919
- Western Pac R.R. Corp. v. Western Pac. R. Co. Metzger v. Western Pac. R. Co.Court of Appeals for the Ninth Circuit · 1952
- Chelrob, Inc. v. BarrettNew York Court of Appeals · 1944
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