Legal Opinion

Bay Newfoundland Co. v. Wilson & Co.

Court of Chancery of Delaware

Decided January 27, 1940PublishedCited by 10 opinions

1Opinion of the Court

The Chancellor :

Bay Newfoundland Company, the complainant, was the owner of a considerable block of class A stock issued by Wilson & Co., Inc., the defendant, before the amendment of its charter in February of 1935, at which time there were certain accrued and unpaid dividends on that stock and a considerable surplus fund applicable thereto. The bill is, therefore, largely, if not entirely, based on Keller, et al., v. Wilson & Co., Inc., 21 Del. Ch. 391, 190 A. *291115, in which the Supreme Court reversed a decree of the Court of Chancery (21 Del. Ch. 13), which held that a reclassification…

2Cases cited15 opinions

  1. Wabash Railroad v. Adelbert College of Western Reserve UniversitySupreme Court of the United States · 1908
  2. Hale v. AllinsonSupreme Court of the United States · 1903
  3. Smith v. SwormstedtSupreme Court of the United States · 1854
  4. Keller v. Wilson Co. Inc.Supreme Court of Delaware · 1936
  5. Compton v. JesupCourt of Appeals for the Sixth Circuit · 1895

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3Cited by10 opinions

  1. Moran v. Household International, Inc.Court of Chancery of Delaware · 1985
  2. Frank v. Wilson & Co.Supreme Court of Delaware · 1943
  3. Monsanto Co. v. Aetna Casualty & Surety Co.Superior Court of Delaware · 1989
  4. Dunn v. Wilson & Co.District Court, D. Delaware · 1943
  5. Schenck v. Salt Dome Oil Corp.Court of Chancery of Delaware · 1944

5 more not listed; retrieve them via the Exa API.

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