Legal Opinion
Laird v. Clearfield & Mahoning RR
Pennsylvania Court of Common Pleas, Clearfield County
Decided January 26, 2001No. 98-51-CDPublishedCited by 2 opinions
1Opinion of the Court
REILLY JR., P.J.,
On or about January 13,1998, the plaintiffs in the instant case filed a class action and derivative complaint in equity against the above-named defendants. Specifically, the derivative action was brought on behalf of The Clearfield & Mahoning Railroad Company against its board of directors. The complaint alleged mismanagement in the operation of C&M by failing to issue any dividend to the minority stockholders as well as by terminating an 1893 *558lease with the Buffalo, Rochester & Pittsburgh Railway Co. and subsequently executing an amended trackage rights agreement with BR&P’s…
2Cases cited11 opinions
- Thompson Coal Co. v. Pike Coal Co.Supreme Court of Pennsylvania · 1979
- Bata v. Central-Penn Nat. Bank of Phila.Supreme Court of Pennsylvania · 1966
- Maier v. MarettiSuperior Court of Pennsylvania · 1995
- Daniel Adams Associates, Inc. v. Rimbach Publishing, Inc.Supreme Court of Pennsylvania · 1987
- Mellon Bank, N.A. v. FabinyiSuperior Court of Pennsylvania · 1994
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3Cited by2 opinions
- Cgb Occupational Therapy, Inc. v. Rha Health Services Inc.Court of Appeals for the Third Circuit · 2004
- CGB Occupational Therapy, Inc. v. RHA Health Services Inc.Court of Appeals for the Third Circuit · 2004