Pratt v. Pratt, Read & Co.
Supreme Court of Connecticut
Bill for an Injunction, brought to the superior court for Middlesex county. The bill alleged that the petitioners in the year 1863 associated themselves with Julius Pratt, Henry C. Butler and others as a joint stock corporation by the name of Pratt, Read and Company, under the statute with regard to such corporations, for the purpose of manufacturing and selling ivory, bone, shell and wood combs, and piano and melodeon ivory, and other articles made in part or in whole of…
Read the full summary
Bill for an Injunction, brought to the superior court for Middlesex county. The bill alleged that the petitioners in the year 1863 associated themselves with Julius Pratt, Henry C. Butler and others as a joint stock corporation by the name of Pratt, Read and Company, under the statute with regard to such corporations, for the purpose of manufacturing and selling ivory, bone, shell and wood combs, and piano and melodeon ivory, and other articles made in part or in whole of ivory; • that the. capital of the corporation was $175,000; that the petitioners were owners of a minority of the stock;…
1Opinion of the CourtHinman, C. J.
The petitioners seek in this case the aid of a court of equity to compel the respondents, a joint stock Corporation, to declare and pay over to its stockholders a reasonable dividend out of its surplus earnings; and also to enjoin it from making farther expenditures in the erection of a large factory building for the purpose of enlarging its business and thereby exhausting its surplus funds, to the injury of the petitioners, who are a minority of its stockholders opposed to such enlargement. The petitioners make in their petition a very strong case for the equitable interference of the court…
2Cases cited4 opinions
- Robinson v. SmithNew York Court of Chancery · 1831
- Stevens v. Rutland & Burlington RailroadSupreme Court of Vermont · 1851
- Scott v. Eagle Fire Co.New York Court of Chancery · 1838
- Sears v. HotchkissSupreme Court of Connecticut · 1856
3Cited by22 opinions
- Minot v. PaineMassachusetts Supreme Judicial Court · 1868
- Carten v. CartenSupreme Court of Connecticut · 1966
- Smith v. DanaSupreme Court of Connecticut · 1905
- Spooner v. PhillipsSupreme Court of Connecticut · 1892
- Baillie v. Columbia Gold Mining Co.Oregon Supreme Court · 1917
17 more not listed; retrieve them via the Exa API.