Legal Opinion
Schleiff v. Baltimore & Ohio Railroad
Court of Chancery of Delaware
Decided October 19, 1955PublishedCited by 9 opinions
1Opinion of the Court
Seitz, Chancellor:
This is a derivative action filed in July 1952 by a stockholder of a carrier, Baltimore and Ohio Railroad Company (hereafter “B & O”), seeking rescission of the sale of certain lands by B & O to a then potential shipper, General Motors Corporation (hereafter “GM”). The basic theory of the action is that the price paid for the land was legally inadequate and constituted an advance rebate on contemplated freight charges on freight which would move to and from the plant which GM would build on the land. Alternatively, the complaint seeks a money judgment for the amount of the…
2Cases cited20 opinions
- Kansas City Southern Railway Co. v. CarlSupreme Court of the United States · 1913
- Gulf, Colorado & Santa Fé Railway Co. v. HefleySupreme Court of the United States · 1895
- Jackson v. SmithSupreme Court of the United States · 1919
- Bovay v. H. M. Byllesby & Co.Supreme Court of Delaware · 1944
- Baldwin v. Scott County Milling Co.Supreme Court of the United States · 1939
15 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Halpern v. BarranCourt of Chancery of Delaware · 1973
- Richardson v. BlackburnCourt of Chancery of Delaware · 1963
- Richardson v. BlackburnCourt of Chancery of Delaware · 1963
- Hutchinson v. Fish Engineering Corp.Court of Chancery of Delaware · 1959
- Schleiff v. BALTIMORE & OHIO RAILROAD COMPANYCourt of Chancery of Delaware · 1957
4 more not listed; retrieve them via the Exa API.