Zobel v. American Locomotive Co.

Certain holders of the preferred stock of Ameri-

can Locomotive Company, a New York corporation, here seek to enjoin a proposed consolidation and merger of that corporation and two of its wholly owned subsidiaries, one of which is another New York corporation and the other of which is a Delaware corporation. The action is for a permanent injunction and the present motion is for such an injunction pendente lite.

Such preferred stock was issued in or shortly after June, 1901. It is not callable and is entitled to cumulative dividends of 7% per annum. It has voting rights along with the common…