Legal Opinion

Scholle v. Cuban-Venezuelan Oil Voting Trust

Court of Appeals for the Second Circuit

Decided December 16, 1960No. 31, Docket 26055PublishedCited by 17 opinions

1Opinion of the Court

LUMBARD, Chief Judge.

Plaintiff-appellant, a citizen of New York, brought this action for breach of an agreement giving him an option to purchase stock. The option, granted by the defendant voting trust, organized under the law of Cuba,1 in consideration of past services, gave plaintiff, Sigurd Scholle, the right to purchase 50,000 shares of its stock at a price of $1.00 per unit “for the duration of the trust, which will expire June 1, 1955.” On November 15, 1954, four months after the option had been granted, the term of the voting trust was extended for ten years beyond the original…

2Cases cited8 opinions

  1. Strasbourger v. . LeerburgerNew York Court of Appeals · 1922
  2. Loetsch v. New York City Omnibus Corp.New York Court of Appeals · 1943
  3. Hooper-Holmes Bureau, Inc. v. BunnCourt of Appeals for the Fifth Circuit · 1947
  4. Globerman v. LedererAppellate Division of the Supreme Court of the State of New York · 1952
  5. Roberts v. New York Life InsuranceAppellate Division of the Supreme Court of the State of New York · 1921

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3Cited by17 opinions

  1. Record Club of America, Incorporated, Cross-Appellant v. United Artists Records, Incorporated, Cross-AppelleeCourt of Appeals for the Second Circuit · 1989
  2. Reprosystem, BV v. SCM Corp.District Court, S.D. New York · 1981
  3. Decor by Nikkei International, Inc. v. Federal Republic of NigeriaDistrict Court, S.D. New York · 1980
  4. In Re Riodizio, Inc.United States Bankruptcy Court, S.D. New York · 1997
  5. Spartans Industries, Inc. v. John Pilling Shoe CompanyCourt of Appeals for the First Circuit · 1967

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