Legal Opinion
Goff v. Goff Electro Pneumatic Brake Co.
New Jersey Court of Chancery
Decided July 8, 1918PublishedCited by 3 opinions
On bill for receiver. On hearing at return of order to show cause for appointment of receiver of defendant corporation.
1Opinion of the Court
Beaming, V. C.
The bill herein is filed by complainants as stockholders and creditors of the Goff Electro Pneumatic Brake Company, a corporation of the State of Delaware, and prays for an injunction restraining that corporation and its officers and agents from exercising any of its privileges or franchises or transacting its business, and for the appointment of a receiver- of that corporation.
The bill discloses corporate assets in this jurisdiction and charges not only neglect of duty upon the part of the officers and directors of the corporation, but also wrongful diversion of assets by them,…
2Cases cited1 opinion
- Corry v. Barre Granite & Quarry Co.Supreme Court of Vermont · 1917
3Cited by3 opinions
- Hitchcock v. American Pipe & Construction Co.New Jersey Court of Chancery · 1918
- Burnrite Coal Briquette Co. v. RiggsCourt of Appeals for the Third Circuit · 1923
- Chase Nat. Bank of City of New York v. GannonCourt of Appeals for the Third Circuit · 1933