Hatch v. American Union Telegraph Co.
New York Supreme Court
The action was brought by a stockholder of the American Union Telegraph Company to restrain the consummation of an agreement for the sale of the property, rights, privileges and franchises of the American Union and the Atlantic and Pacific Telegraph Companies to the Western Union Telegraph Company. The directors of the American Union Telegraph Company were also made parties defendant.
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The action was brought by a stockholder of the American Union Telegraph Company to restrain the consummation of an agreement for the sale of the property, rights, privileges and franchises of the American Union and the Atlantic and Pacific Telegraph Companies to the Western Union Telegraph Company. The directors of the American Union Telegraph Company were also made parties defendant. The plaintiff’obtained a preliminary injunction, and the matter came before the court on a motion to continue this injunction. Affidavits were read on behalf of the plaintiff from a number of persons, to the…
1Opinion of the CourtBarrett, J.
The plaintiff files his bill as a stockholder of the American Union Telegraph Company to restrain the consummation of an agreement for the sale of the entire assets and property of this corporation to the Western Union Telegraph Company. This relief is claimed upon several grounds. In the first , place, it is averred that the American Union Telegraph Company was created and its stock subscribed for with a view to the establishment and maintenance of an independent telegraph company which should have for its principal object healthy competition with other telegraph companies (then enjoying a…
2Cases cited4 opinions
- Osborn v. Bank of United StatesSupreme Court of the United States · 1824
- Freeman v. PeopleNew York Supreme Court · 1847
- Jackson ex dem. Woodruff v. GilchristNew York Supreme Court · 1818
- Kunze v. Southeast First National Bank of Miami (In Re Dann)United States Bankruptcy Court, M.D. Florida · 1979
3Cited by2 opinions
- Williams v. . Western Union Telegraph Co.New York Court of Appeals · 1883
- Standard Oil Co. v. ScofieldNew York Supreme Court · 1885