Legal Opinion
Lewis v. Commonwealth Securities, Inc.
District Court, D. Delaware
Decided July 30, 1943No. 308PublishedCited by 6 opinions
1Opinion of the Court
LEAHY, District Judge.
This is an action by a preferred shareholder of Commonwealth Securities, Incorporated, a Delaware corporation (herein referred to as “Commonwealth”). Because of circumstances which I shall detail subsequently, plaintiff seeks a receiver to wind up and liquidate Commonwealth.
Commonwealth is engaged in what is currently known as the general investment business. 67,571 shares of 6% $100 par preferred are outstanding, with an unpaid accumulated dividend charge of $65.75 a share, or a total of $4,442,793.25 dividend arrearages. All of the 318,428 shares of $1 par common are…
2Cases cited9 opinions
- Securities & Exchange Commission v. Fiscal Fund, Inc.District Court, D. Delaware · 1943
- Enterprise Printing & Publishing Co. v. CraigIndiana Supreme Court · 1924
- Skinner v. Educational Pictures Securities Corp.Court of Chancery of Delaware · 1925
- State Ex Rel. Kopke v. MulloySupreme Court of Missouri · 1931
- Myers v. Occidental Oil Corp.District Court, D. Delaware · 1923
4 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Drob v. National Memorial Park, Inc.Court of Chancery of Delaware · 1945
- Lichens Co. v. Standard Commercial Tobacco Co.Court of Chancery of Delaware · 1944
- Bailey v. ProctorCourt of Appeals for the First Circuit · 1947
- Bloomer v. Sirian Lamp Co.District Court, D. Delaware · 1944
- Banks v. Cristina Copper Mines, Inc.Court of Chancery of Delaware · 1953
1 more not listed; retrieve them via the Exa API.