Bach v. Pacific Mail Steamship Co.
New York Supreme Court
Motion to continue temporary injunction. James Bach, a stockholder in the Pacific Mail Steamship Company, brought this action against the company and its officers, for an injunction, upon grounds stated in the opinion.
1Opinion of the CourtTappen, J.
The plaintiff alleges that he is a stockholder and the owner of fifty shares of stock in the defendants’ company; and he brings this action for the purpose of obtaining an injunction against the corporation, its directors and officers, in respect to the mode of investment of certain moneys, known as the surplus fund. It is alleged by the plaintiff, that this surplus fund amounts to a sum exceeding three millions of *374dollars; that it has been invested heretofore in government securities principally, and that the defendants’ officers are now investing a large portion of it in securities of "less…
2Cases cited4 opinions
- Robinson v. SmithNew York Court of Chancery · 1831
- Baltimore & Ohio R. R. v. City of WheelingSupreme Court of Virginia · 1855
- People v. President & Trustees of College of CaliforniaCalifornia Supreme Court · 1869
- Crook v. JewettNew York Supreme Court · 1854