Legal Opinion

Myron L. Kenler and Regina O. Kenler v. Canal National Bank

Court of Appeals for the First Circuit

Decided October 18, 1973No. 73-1100PublishedCited by 21 opinions

1Opinion of the Court

McENTEE, Circuit Judge.

In this diversity action, plaintiffs (Dr. and Mrs. Kenler) appeal from a district court judgment which granted defendant’s (Canal National Bank) motion for summary judgment. The Ken-lers are presently the owners of 7,087 shares of “legended” investment stock of the now bankrupt Maine Insurance Company (“the Company”). In prosecuting this suit, they seek to hold the Bank, as transfer agent for the Company liable in damages for its alleged wrongful refusal to remove the restrictive legends on their shares, which refusal resulted in the inability of the plaintiffs to sell…

2Cases cited8 opinions

  1. Kanton v. United States Plastics, Inc.District Court, D. New Jersey · 1965
  2. Gasarch v. Ormand Industries, Inc.District Court, S.D. New York · 1972
  3. Riskin v. National Computer Analysts, Inc.New York Supreme Court · 1970
  4. Palmer v. O'Bannon Corp.Massachusetts Supreme Judicial Court · 1925
  5. Hulse v. Consolidated Quicksilver Mining Corp.Idaho Supreme Court · 1944

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3Cited by21 opinions

  1. Steranko v. Inforex, Inc.Massachusetts Appeals Court · 1977
  2. In Re Stephen C. PerryCourt of Appeals for the First Circuit · 1989
  3. Clancy Systems International, Inc. v. SalazarSupreme Court of Colorado · 2008
  4. Bender v. Memory Metals, Inc.Court of Chancery of Delaware · 1986
  5. Dewitt v. American Stock Transfer Co.District Court, S.D. New York · 1977

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