Grasselli Chemical Co. v. Ætna Explosives Co.
District Court, S.D. New York
In Equity. Receivership suit by the Grasselli Chemical Company against the ¿Etna Explosives Company, Incorporated, wherein Odus C. Horney files a claim against defendant company in the hands of receivers.
1Opinion of the Court
MAYER, District Judge.
On April 20, 1915, defendant entered into a contract of employment with Odus C. Horney, wherein it was provided that for Horney’s service to the company he was to receive $10,000 a year for five years. At the end of one year, at Horney’s option, the contract could be terminated, and Horney was then to have $40,000. It was further provided that Horney was to receive $50,000, par value, of the capital stock of ¿Etna, with the right to sell it back to ¿Etna at the end of a year. He was also to receive $100,000, which the company deposited with the Columbia Trust Company in…
2Cases cited14 opinions
- McCormick v. Market BankSupreme Court of the United States · 1897
- Williams v. . Western Union Telegraph Co.New York Court of Appeals · 1883
- In re Fechheimer Fisher Co.Court of Appeals for the Second Circuit · 1914
- The City Bank of Columbus v. . Bruce and FoxNew York Court of Appeals · 1858
- Richards v. Ernst Wiener Co.New York Court of Appeals · 1912
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3Cited by4 opinions
- Keith v. KilmerCourt of Appeals for the First Circuit · 1919
- Boggs v. FlemingCourt of Appeals for the Fourth Circuit · 1933
- In re Brueck & Wilson Co.District Court, S.D. New York · 1919
- Grace Securities Corp. v. RobertsSupreme Court of Virginia · 1932