Carton v. West Virginia Bridge & Const. Co.
U.S. Circuit Court for the District of Northern West Virginia
In Equity. Bill by James D. Carton, trustee in bankruptcy of the New Jersey-West Virginia Bridge Company, a corporation, against the West Virginia Bridge & Construction Company and others.
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In Equity. Bill by James D. Carton, trustee in bankruptcy of the New Jersey-West Virginia Bridge Company, a corporation, against the West Virginia Bridge & Construction Company and others. Prior to the year 1905 a corporation existed under the laws of New Jersey, known as the New Jersey Bridge Company, engaged in the business of erecting bridges and similar structures and having its plant at Manasqnan, N. J. At the same time the defendant The West Virginia Bridge & Construction Company was existing as a corporation under the laws of West Virginia, engaged in the same business, and having its…
1Opinion of the CourtDayton, District Judge
(after stating the facts as above). Dong and earnest study of this record and! of the comprehensive and able briefs submitted by counsel upon both sides has compelled me to.the conclusions: First. That the agreements of April 25 and May 7, 1908, seeking to effectuate a re-exchange of the stocks, so that the West Virginia company might be freed from its union with the New Jersey-West Virginia one and have its property restored to its original stockholders, while enforceable as between the companies themselves, cannot be so enforced to the injury and loss of creditors of the New Jersey-West…
2Cases cited2 opinions
- Euclid Nat. Bank v. Union Trust & Deposit Co.Court of Appeals for the Fourth Circuit · 1906
- In re HendersonDistrict Court, N.D. West Virginia · 1906
3Cited by1 opinion
- Grace Securities Corp. v. RobertsSupreme Court of Virginia · 1932