Myron Neisloss and Randolph Phillips v. John W. Bush

Mr. Justice REED, sitting by designation.

This case is a proceeding arising from the acquisition of control of the New York Central Railroad Company by Alleghany Corporation, a Maryland corporation engaged in the investment business. Appellants are two common stockholders of Alleghany. They appeal from the summary dismissal in the District Court of a complaint seeking declaratory and mandatory relief against certain actions taken by the Interstate Commerce Commission with respect to Alleghany’s acquisition of control of the railroad. The dismissal was on the ground that no claim was stated…