Warren v. Baltimore Transit Co.
Court of Appeals of Maryland
1Opinion of the CourtHammond, J.
Appellant, the holder of one hundred shares of the 5% preferred stock of The Baltimore Transit Company, dissented from the recapitalization of the company effected in 1953, whereby the accumulated dividend arrearages on his stock were eliminated, and duly demanded the fair value of his shares. The appeal is from the order of the equity court affirming the report of the appraisers who set a value on his stock which he felt was less than fair.
Prior to the recapitalization, there were outstanding 233,427 shares of the preferred stock of the par value of $100 a share and 169,142 shares of common…
2Cases cited14 opinions
- Tri-Continental Corporation v. BattyeSupreme Court of Delaware · 1950
- Matter of FultonNew York Court of Appeals · 1931
- Phelps v. Watson-Stillman CompanySupreme Court of Missouri · 1956
- Robbins v. BeattySupreme Court of Iowa · 1954
- Adams v. United States Distributing Corp.Supreme Court of Virginia · 1945
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3Cited by24 opinions
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- Cummings v. United Artists Theatre Circuit, Inc.Court of Appeals of Maryland · 1964
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