Legal Opinion

Mansfield Hardwood Lumber Company v. Hattie A. Johnson

Court of Appeals for the Fifth Circuit

Decided June 16, 1959No. 17299_1PublishedCited by 48 opinions

1Per curiam

Interpreting the opinion as being based on a breach of fiduciary relationship owed by appellant’s officers and directors and majority stockholders to the appellees as minority stockholders, appellant insists that such a decision must fail in law because: (1) the existence vel non of such a fiduciary relationship must be determined by the laws of the state of incorporation, viz., Delaware, which imposes no such fiduciary relationship; (2) the Civil Law of Louisiana prohibits the imposition of the remedy of “constructive trust” or “equitable lien” on real or personal property; and (3) Article…

Also in this document: Dissent.

2Cases cited51 opinions

  1. Erie Railroad v. TompkinsSupreme Court of the United States · 1938
  2. Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
  3. Michoud v. GirodSupreme Court of the United States · 1846
  4. Rogers v. Guaranty Trust Co.Supreme Court of the United States · 1933
  5. Jane Perlman v. C. Russell Feldmann, Newport Steel CorporationCourt of Appeals for the Second Circuit · 1955

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3Cited by48 opinions

  1. Donahue v. Rodd Electrotype Co. of New England, Inc.Massachusetts Supreme Judicial Court · 1975
  2. Torch Liquidating Trust Ex Rel. Bridge Associates L.L.C. v. StockstillCourt of Appeals for the Fifth Circuit · 2009
  3. The Sommers Drug Stores Company Employee Profit Sharing Trust, Cross-Appellee v. Walter N. Corrigan and Corrigan Enterprises, Inc., Cross-AppellantsCourt of Appeals for the Fifth Circuit · 1989
  4. Fed. Sec. L. Rep. P 99,484 John F. Maher v. Zapata Corporation v. William Maldonado, Objector-AppellantCourt of Appeals for the Fifth Circuit · 1983
  5. Junker v. CroryCourt of Appeals for the Fifth Circuit · 1981

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