Legal Opinion
Buckley v. Cuban American Sugar Co.
New Jersey Superior Court Appellate Division
Decided August 1, 1940No. Docket 129/358PublishedCited by 4 opinions
1Opinion of the Court
An order was issued requiring the defendant to show cause why its plan for recapitalization and an amendment of its certificate of incorporation should not be restrained.
The defendant company proposed amending its certificate of incorporation as follows:
"A. Increase the present capitalization from $20,000,000 to $35,110,170, divided as follows:
"1. 102,361 shares of 5 1/2% convertible preferred stock, par $100, to be issued only in exchange for the present 7% preferred stock.
"2. 78,938 shares of 7% preferred stock, par $100, which upon exchange for the 5 1/2% stock shall be canceled and not…
2Cases cited14 opinions
- Keller v. Wilson Co. Inc.Supreme Court of Delaware · 1936
- Consolidated Film Industries, Inc. v. JohnsonSupreme Court of Delaware · 1937
- Colgate v. United States Leather Co.New Jersey Court of Chancery · 1907
- Patterson v. Durham Hosiery MillsSupreme Court of North Carolina · 1939
- General Investment Co. v. American Hide & Leather Co.Supreme Court of New Jersey · 1925
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3Cited by4 opinions
- Cintas v. American Car Foundry Co.New Jersey Court of Chancery · 1942
- Wessel v. Guantanamo Sugar Co.New Jersey Court of Chancery · 1944
- Franzblau v. Capital Securities Co.New Jersey Superior Court Appellate Division · 1949
- Mueller v. Kraeuter Co., Inc.New Jersey Court of Chancery · 1942