Armstrong v. Hayden

Plaintiff, a stockholder of the Bay Consolidated Copper Company, has brought suit on behalf of himself and all the stockholders of that company to enjoin a proposed sale of the assets of the company to the Nevada Consolidated Copper Company in return for 3,077,179 shares of stock and the assumption of the Bay Company’s liabilities. The board of directors of both companies had recommended to their respective stockholders that they approve the proposed sale, and stockholders’ meetings had been called for that purpose. Several days prior to November 10, 1925, the date fixed for said…