Jones v. Missouri-Edison Electric Co.
Court of Appeals for the Eighth Circuit
Appeal from the Circuit Court of the United States for the Eastern District of Missouri. Tlie statutes of the state of Missouri empower any two corporations of that state organized or created solely for manufacturing purposes whose objects and business are of the same nature, to consolidate into one corporation upon the consent of the owners of three-fifths of the capital stock of each.
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Appeal from the Circuit Court of the United States for the Eastern District of Missouri. Tlie statutes of the state of Missouri empower any two corporations of that state organized or created solely for manufacturing purposes whose objects and business are of the same nature, to consolidate into one corporation upon the consent of the owners of three-fifths of the capital stock of each. Rev. St. Mo. 1899, §{5 1334, 1333, 1339. The appellant, wiio was the complainant below, had the legal title to 10, and the equitable title to 992,shares of the preferred stock of the Missonri-Edison Electric…
1Opinion of the CourtSanborn, Circuit Judge
The complainant seeks a restoration from the Consolidated Company of the property of the Edison Company on the grounds (1) that the consolidation was unauthorized by the statutes of Missouri and violative of the anti-trust laws of that state; and (2), that it was accomplished by a fraudulent abuse of the fiduciary relation which the holders of the majority of the stock of the Edison Company and the directors of that corporation bore to the holders of the minority of its stock. If the bill states sufficient facts to invoke relief in equity upon either of these grounds, it must be sustained.…
2Cases cited45 opinions
- Gamble v. Queens County Water Co.New York Court of Appeals · 1890
- Kelley v. BoettcherCourt of Appeals for the Eighth Circuit · 1898
- Sage v. . CulverNew York Court of Appeals · 1895
- Jackson v. LudelingSupreme Court of the United States · 1874
- Farmers' Loan & Trust Co. v. New York & Northern Railway Co.New York Court of Appeals · 1896
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3Cited by81 opinions
- Fed. Sec. L. Rep. P 94,405 Joe L. Smallwood v. Pearl Brewing Company, Southdown, Inc., Zapata Norness, Inc., Albert J. Rangeand D. Doyle MizeCourt of Appeals for the Fifth Circuit · 1974
- Sterling v. Mayflower Hotel Corp.Supreme Court of Delaware · 1952
- Zahn v. Transamerica CorporationCourt of Appeals for the Third Circuit · 1947
- Allied Chemical & Dye Corp. v. Steel & Tube Co. of AmericaCourt of Chancery of Delaware · 1923
- Lebold v. Inland Steel Co.Court of Appeals for the Seventh Circuit · 1941
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