Legal Opinion

C. H. Venner Co. v. United States Steel Corp.

U.S. Circuit Court for the District of Southern New York

Decided June 9, 1902PublishedCited by 11 opinions

In Equity. On motion for preliminary injunction.

1Opinion of the Court

. LACOMBE, Circuit Judge.

This 'suit is brought to enjoin the carrying out of a proposed readjustment of stock and bonds of defendant corporation. There is now authorized $304,000,000 first mortgage bonds, $550,000,000 of preferred stock, and $550,000,000 of common stock. It is proposed to retire $200,000,000 of preferred stock by exchanging therefor $200,000,000 of bonds, additional and subordinate to the first mortgage bonds, at the same time selling $50,000,000 of new bonds for cash to be used for betterments, et cetera. The corporation was organized a little over a year ago, under an act…

2Cases cited3 opinions

  1. Looker v. MaynardSupreme Court of the United States · 1900
  2. Miller v. StateSupreme Court of the United States · 1873
  3. Sherman v. SmithSupreme Court of the United States · 1862

3Cited by11 opinions

  1. Diamond v. Parkersburg-Aetna Corp.West Virginia Supreme Court · 1961
  2. Johnson v. Bradley Knitting Co.Wisconsin Supreme Court · 1938
  3. Germer v. Triple-State Natural Gas & Oil Co.West Virginia Supreme Court · 1906
  4. Adair v. ORRELL'S MUTUAL BURIAL ASSOCIATION, INC.Supreme Court of North Carolina · 1974
  5. Allen v. Ajax Mining Co.Montana Supreme Court · 1904

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