Coskery v. Roberts & Mander Corp.

McLAUGHLIN, Circuit Judge.

This appeal arises out of an equity receivership proceeding by a Pennsylvania stockholder against the defendant, a Delaware corporation, engaged in manufacturing electric and gas ranges at Hatboro, Pennsylvania. On June 29, 1950, after a two day hearing during which counsel for the board of directors consented to the appointment of the receivers, the District Judge entered an order appointing temporary receivers for the corporation. No appeal was taken from that order. On November 24, 1950, the appellant, Victor S. Markovitz, owning 1625 shares of the common stock of…