Rogers v. Guaranty Trust Co. of New York

MANTON, Circuit Judge.

Appellant, a stockholder of 200 shares of common and 400 shares of common B stock of the American Tobacco Company, a New Jersey corporation, seeks by these suits, which have been consolidated, to enjoin the execution of an employees’ stock subscription plan approved by the directors of the corporation on June 25, 1930, and by the stockholders on July 28,1930'. He has joined as defendants with the company, tho Guaranty Trust Company, and Junius Parker, as trustees of 56,7.12 shares of the common B stock, and the directors of the American Tobacco Company. These shares of…