Legal Opinion
Keely v. Black
New Jersey Court of Chancery
Decided July 10, 1919PublishedCited by 4 opinions
On bill, &c.
1Opinion of the Court
Backes, V. C.
This suit is brought by stockholders of the Farmers Telephone Company to recover for the companj, from Henry M. Black, its president, secret profits made by him in securing -the transfer of certain property rights of the company, and the control of the company, to the New York Telephone Company *440and the Delaware and Atlantic Telegraph and Telephone Company, known as the “Bell Companies,” in breach o£ his trust.
The facts are not in dispute. The Farmers Telephone Company is capitalized at $100,000, divided into two thousand-shares of the par value of $50, and was a dividend paying…
2Cases cited4 opinions
- McClure v. . LawNew York Court of Appeals · 1899
- Commonwealth Title Insurance & Trust Co. v. SeltzerSupreme Court of Pennsylvania · 1910
- Porter v. HealySupreme Court of Pennsylvania · 1914
- Heineman v. MarshallMissouri Court of Appeals · 1905
3Cited by4 opinions
- Fed. Sec. L. Rep. P 93,342 William Dasho v. The Susquehanna CorporationCourt of Appeals for the Seventh Circuit · 1972
- Gates v. Plainfield Trust Co.New Jersey Court of Chancery · 1937
- Braman v. Central Hanover Bank Trust Co.New Jersey Court of Chancery · 1946
- Valle v. North Jersey Auto. ClubNew Jersey Superior Court Appellate Division · 1973