Fraser Fund v. Fraser

Opinion by

Mr. Justice Allen M. Stearns,

This litigation arose over the voting control of a Pennsylvania corporation of the second class, the monetary value of whose stock appears presently to be of little value. The contest is between the sellers of a majority of such stock and the purchasers thereof under a conditional sale. Additional defendants were added whose rights arose through the purchasers. The contracts of purchase provided that in the event of default the stock should be reassigned to the sellers. The learned court below found that the principal purchaser considered that he had…