Legal Opinion
Laredef Corp. v. Fed. Seaboard Terra Cotta
New Jersey Court of Chancery
Decided April 10, 1942No. Docket 139/540PublishedCited by 9 opinions
1Opinion of the Court
The complainant seeks a decree enjoining the defendant from exercising any of its corporate franchises and thereupon the appointment of a receiver to liquidate and distribute the defendant's assets. The complainant alleges that the business of the defendant has been and is being conducted at a great loss and greatly prejudicial to the interest of its creditors and stockholders and that its business cannot be conducted with safety to the public and advantage to the stockholders.
The powers invoked by the prayers of the bill arise solely from the statute, R.S. 14:14-3. Smith v. Monmouth Title…
2Cases cited35 opinions
- Citizens Coach Co. v. Camden Horse RailroadSupreme Court of New Jersey · 1878
- Pierce v. Old Dominion Copper Mining & Smelting Co.New Jersey Court of Chancery · 1904
- Ellerman v. Chicago Junction Railways & Union Stockyards Co.New Jersey Court of Chancery · 1891
- Smith v. Washington Casualty InsuranceNew Jersey Court of Chancery · 1932
- Kelly v. Kelly-Springfield Tire Co.New Jersey Court of Chancery · 1930
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3Cited by9 opinions
- In Re Distillers Factors Corp.Court of Appeals for the Third Circuit · 1951
- Riddle v. Mary A. Riddle Co.New Jersey Court of Chancery · 1948
- Neff v. Progress Building Materials Co.New Jersey Court of Chancery · 1947
- RKO THEATRES v. Trenton-New Bruns. Theatres Co.New Jersey Superior Court Appellate Division · 1950
- Rothman v. Harmyl Inn, Inc.New Jersey Superior Court Appellate Division · 1960
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