Legal Opinion
Laystrom v. Continental Copper & Steel Industries, Inc.
District Court, N.D. Illinois
Decided June 29, 1955No. 51 C 1405PublishedCited by 3 opinions
1Opinion of the Court
HOFFMAN, District Judge.
This is an action brought by the former stockholders1 of Quality Hardware and Machine Corporation to recover from the assignee of the purchaser of the stock an alleged balance on the price agreed to be paid for the stock.
The original contract for the sale of the stock was entered into on July 22, 1944, between substantially all the owners of stock of Quality Hardware and Machine Corporation, as sellers, and Chester A: Bolles, as buyer. The purchase price was fixed as a sum equal to the net worth of the Corporation plus 50% of the net profits for the next five years.…
2Cases cited21 opinions
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Security Flour Mills Co. v. CommissionerSupreme Court of the United States · 1944
- Old Colony Trust Associates v. HassettCourt of Appeals for the First Circuit · 1945
- Western Union Tel. Co. v. American Bell Tel. Co.Court of Appeals for the First Circuit · 1903
- Thomas v. Columbia Phonograph Co.Wisconsin Supreme Court · 1911
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3Cited by3 opinions
- George Fujimoto v. Rio Grande Pickle Company, Inc.Court of Appeals for the Fifth Circuit · 1969
- United States v. Moore-McCormack Lines, Inc.District Court, D. Maryland · 1961
- C. A. Laystrom v. Continental Copper & Steel Industries, Inc., a Delaware CorporationCourt of Appeals for the Seventh Circuit · 1957