Westbury Electronic Corp. v. Anglo-American Totalisator Co.

This is a motion for a temporary injunction seeking to stay the sale “ by public auction or otherwise ” of 40 shares of capital stock of Anglo-American Totalisator Company, Inc. by the defendant Anglo-American Totalisator Company, Inc. as pledgee.

The complaint seeks a permanent and temporary injunction reciting the following facts: On June 6, 1962 an agreement was entered into by the four stockholders of Anglo-American Totalisator Company, Inc. and Anglo-American Totalisator Company, Inc. imposing certain restrictions on the transferability of their stockholdings. Paragraph 1 of the said…