Hoyt v. Shenango Valley Steel Co.
Supreme Court of Pennsylvania
Appeal, No. 46, Oct. T., 1903, by plaintiff, from decree of O. P. Lawrence Co., dismissing bill in equity in case of L. S. Hoyt v. Shenango Yalley Steel Company, William E. Reis, William Patterson, John Stevenson, Jr., George B. Berger and James McLane. Bill in equity for an injunction. The opinion of the Supreme Court states the case. Error assigned was decree dismissing the bill.
1Opinion of the Court
Per Curiam,
The learned judge below found as facts, that after January 20, 1898, when plaintiff in response to the notification of the increase of the capital stock and his right to subscribe, did subscribe, by letter for 150 shares, he made no further demand for additional shares until July, 1898, prior to which all the proposed increase had been subscribed for by stockholders, or sold for full value to others.
Further, that “ the financial condition of the company shortly before and at the time of the disposition of the 1,757 shares, required the disposal of the whole of said 1,757 shares.…
2Cited by3 opinions
- Zweifach v. SCRANTON LACE COMPANYDistrict Court, M.D. Pennsylvania · 1957
- Seaman v. Ironwood Amusement Corp.Michigan Supreme Court · 1938
- Strickler v. McElroySuperior Court of Pennsylvania · 1911