Edelman v. Latshaw
Supreme Court of Pennsylvania
Appeal, No. 79, July T. 1893, by plaintiff, Amelia Edelman et al., from decree of C. P. Montgomery Co., Dec. T., 1891, No. 2, dismissing bill in equity against S. B. Latsliaw and N. Y. & Middle Coal Field R. R. & Coal Co., defendants. Bill to compel reassignment of shares of stock. The case was referred to Louis M. Childs, Esq., as master, who reported in favor of dismissing the bill.
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Appeal, No. 79, July T. 1893, by plaintiff, Amelia Edelman et al., from decree of C. P. Montgomery Co., Dec. T., 1891, No. 2, dismissing bill in equity against S. B. Latsliaw and N. Y. & Middle Coal Field R. R. & Coal Co., defendants. Bill to compel reassignment of shares of stock. The case was referred to Louis M. Childs, Esq., as master, who reported in favor of dismissing the bill. Exceptions to the master’s report were dismissed by the court, in the following opinion, by Weand, J.: “ This bill is brought for the cancellation of an executed contract of sale of certain shares of stock…
1Opinion of the Court
Per. Curiam,
The prayers of the plaintiffs’ bill could not be granted even if the plaintiffs had a cause of action cognizable in a court of equity, because the stock sought to be recovered had already been sold, and was at the time the bill was filed held by innocent purchasers. But if the facts upon which the cause of action was grounded were all true, there was a complete and adequate remedy by an action at law, and for that reason there is no jurisdiction in equity. The opinion of the learned court below is a sufficient vindication of the correctness of the conclusions reached, and for the…
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