Legal Opinion

Lawson v. Baltimore Paint and Chemical Corporation

District Court, D. Maryland

Decided May 31, 1972No. Civ. 18497PublishedCited by 15 opinions

1Opinion of the Court

THOMSEN, District Judge.

This shareholder’s derivative suit, seeking damages from former directors and officers of Baltimore Paint and Chemical Corporation (Baltimore Paint), has been tried before the court without a jury. The second amended complaint, on which the case went to trial, alleges that at some time prior to January 1, 1961, defendants Krock, Muscat and Huffines (the trio) formed a plan and conspiracy to acquire, directly or indirectly, for their personal benefit, effective control of a “multitude of corporations”, including Baltimore Paint; that pursuant thereto the trio and…

2Cases cited49 opinions

  1. Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
  2. Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
  3. Sprague v. Ticonic National BankSupreme Court of the United States · 1939
  4. Alexander Kahan, on Behalf of Himself and All Others Similarly Situated v. Lewis RosenstielCourt of Appeals for the Third Circuit · 1970
  5. Advance Business Systems and Supply Company v. Scm Corporation, Advance Business Systems and Supply Company v. Scm CorporationCourt of Appeals for the Fourth Circuit · 1969

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3Cited by15 opinions

  1. Chelsea Industries, Inc. v. GaffneyMassachusetts Supreme Judicial Court · 1983
  2. Rowen v. Le Mars Mut. Ins. Co. of IowaSupreme Court of Iowa · 1979
  3. Trieweiler Ex Rel. Varsity Investments, Inc. v. SearsNebraska Supreme Court · 2004
  4. American Timber & Trading Co. v. NiedermeyerOregon Supreme Court · 1976
  5. Fed. Sec. L. Rep. P 98,706 Pittsburgh Terminal Corporation v. The Baltimore and Ohio Railroad Company, W. James Price, Alonzo G. Decker, Jr., James Parker Nolan, Frederick Deane, Jr., James L. O'keefe, Gregory S. Devine, Fay A. Le Favre, Nicholas T. Camicia, Dr. Milton S. Eisenhower, Steven Muller, John K. Stevenson, Hays T. Watkins, Howard E. Simpson and Cyrus S. Eaton, All Directors or Former Directors of the Baltimore and Ohio Railroad, the Chesapeake and Ohio Railroad And/or the Chessie System, the Chesapeake and Ohio Railway Company and Chessie System, Inc. Monroe Guttmann, Loretta Guttmann, Janet Rees and Evelyn Bittner v. The Baltimore and Ohio Railroad Company, W. James Price, Alonzo G. Decker, Jr., James Parker Nolan, Frederick Deane, Jr., James L. O'keefe, Gregory S. Devine, Fay A. Le Fevre, Nicholas T. Camicia, Dr. Milton S. Eisenhower, Steven Muller, John K. Stevenson, Hays T. Watkins, Howard E. Simpson and Cyrus S. Eaton, All Directors or Former Directors of the Baltimore and Ohio Railroad, the Chesapeake and Ohio Railroad And/or the Chessie System, the Chesapeake and Ohio Railway Company and Chessie System, IncCourt of Appeals for the Third Circuit · 1982

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