Reifsnyder v. Pittsburgh Outdoor Advertising Co.

Opinion by

Mr. Justice Bell,

This is an appeal from the final decree of the Court of Common Pleas of Allegheny County dismissing plaintiff’s complaint in equity.

Plaintiff is a minority stockholder in the defendant Pittsburgh Outdoor Advertising Company. He owns 130 shares. The individual defendants are officers and/or directors of the corporate defendant. The essential facts are undisputed and maybe briefly stated:

Pittsburgh Outdoor Advertising Company had outstanding 15,000 shares of which General Outdoor Advertising Company owned 9,252 shares or approximately 61%. This parent-subsidiary…