Globe Sewer Pipe Co. v. Otis
New York Supreme Court
Appeal from special term, New York county. Action by the Globe Sewer-Pipe Company against Ira L. Otis and William L. Gorsline to recover the amount of subscriptions by defendants to plaintiff’s capital stock. From a judgment entered on the verdict of a jury in favor of defendants, by direction of the court, and from an order denying its motion for a new trial, plaintiff appeals.
1Per curiam
This action was brought by plaintiff, a corporation of the state of Ohio, to recover the amount of defendants’ subscription to the stock of the company. The two principal defenses relied upon were that plaintiff had been organized for the unlawful purposes of unduly enhancing prices, controlling and regulating production, and therefore in restraint of trade; second, that the contract of subscription had been canceled, which relieved defendants from their obligation to pay the amount thereof. At the close of the case, on motion, a direction of a verdict in defendants’ favor was granted, upon…
2Cases cited1 opinion
- United States Vinegar Co. v. SchlegelNew York Supreme Court · 1893