Groel v. United Electric Co.
New Jersey Court of Chancery
The complainant is a stockholder of the United Electric Company of New Jersey, and snes for himself and all other, stockholders of said company.
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The complainant is a stockholder of the United Electric Company of New Jersey, and snes for himself and all other, stockholders of said company. The bill charges that the United Electric Company was incorporated on the 4th day of March, 1899, with an authorized capita] stock of $20,000,000; that said company was organized and promoted by the United Gas Improvement Company of Pennsylvania, the other defendant in this suit; that the incorporators were the agents of the United Gas Improvement Company, and were subsequently made directors of the defendant company; that simultaneously with the…
1Opinion of the Court
Gaeeison, V. C.
From the above statement of the contents of the pleadings, it will appear that the following excerpts from the brief of counsel for the defendants correctly define the issue: ■
“The bill in this .case was filed to compel the United Gas Improvemént Company to account to the United Electric Company of New Jersey for the profits alleged to have been made by the gas company secretly in the promotion of the electric company. The gas company and the electric company are named in the bill as defendants, but it is obvious that the gas company is the only defendant against which a decree…
2Cases cited4 opinions
- Hawes v. OaklandSupreme Court of the United States · 1882
- Robinson v. SmithNew York Court of Chancery · 1831
- Davenport v. DowsSupreme Court of the United States · 1874
- Corbus v. Alaska Treadwell Gold Mining Co.Supreme Court of the United States · 1903
3Cited by19 opinions
- Landry v. Federal Deposit Insurance CorporationCourt of Appeals for the Third Circuit · 1973
- Price v. GurneySupreme Court of the United States · 1945
- Maldonado v. FlynnCourt of Chancery of Delaware · 1980
- Otis & Co. v. Pennsylvania R. Co.District Court, E.D. Pennsylvania · 1944
- Landy v. Federal Deposit InsuranceCourt of Appeals for the Third Circuit · 1973
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