Legal Opinion
Clifton Park Manor, Section One, Inc. v. Mason
District Court, D. Delaware
Decided July 27, 1955No. Civ. A. No. 1734PublishedCited by 6 opinions
1Opinion of the Court
LEAHY, Chief Judge.
1. The problem involved here concerns the legality of a dividend paid by a Delaware corporation as well as the rights, under the charter contract of that Delaware corporation, between the stockholders inter sese. This calls for the application of Delaware law exclusively. Such a judicial matter is peculiarly within the expert competence of the Delaware Courts. There is now pending in the Delaware Court of Chancery a companion suit to the one pending here. Under 12 U.S.C.A. § 1702, that Court would appear to have concurrent jurisdiction with this court. In an effort to…
2Cases cited10 opinions
- Warner Bros. Pictures, Inc. v. GittoneCourt of Appeals for the Third Circuit · 1940
- Murray Hill Restaurant, Inc. v. Thirteen Twenty One Locust, Inc.Court of Appeals for the Third Circuit · 1938
- Henis v. Compania Agricola De GuatemalaDistrict Court, D. Delaware · 1953
- United States v. Weirton Steel Co.District Court, D. Delaware · 1934
- Hand v. Missouri-Kansas Pipe Line Co.District Court, D. Delaware · 1944
5 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- John J. & Warren H. Graham v. Triangle Publications, Inc.District Court, E.D. Pennsylvania · 1964
- Vanadium Corp. of America v. Susquehanna CorporationDistrict Court, D. Delaware · 1962
- NW Controls, Inc. v. Outboard Marine CorporationDistrict Court, D. Delaware · 1970
- North Carolina Natural Gas Corp. v. United StatesDistrict Court, D. Delaware · 1961
- Dallas v. Atlantic Refining CompanyDistrict Court, D. Delaware · 1960
1 more not listed; retrieve them via the Exa API.