Chable v. Nicaragua Canal Constr. Co.
U.S. Circuit Court for the District of Southern New York
In Equity. On motion. Motion by Frederick H. Hatch in the suit of Louis Chable against the Nicaragua Canal Construction Company for leave to inspect the defendant’s books in the hands of the receiver.
1Opinion of the Court
LACOMBE, Circuit Judge.
When a corporation has suffered financial shipwreck, and its property and assets, including its books, come into the possession of the court and the custody of the court’s officer, the receiver, the question whether or not an inspection of those books shall be accorded to a stockholder in the shipwrecked concern is one resting in the discretion of the court, unhampered by any decisions touching such right of inspection while the corporation was still a going concern in the hands of its officers and directors. Ordinarily it would seem that such discretion should be…
2Cited by8 opinions
- Northern Finance Corporation v. ByrnesCourt of Appeals for the Eighth Circuit · 1925
- Wittnebel v. LoughmanCourt of Appeals for the Second Circuit · 1935
- Newcomer v. MillerCourt of Appeals of Maryland · 1934
- Wittnebel v. LoughmanDistrict Court, S.D. New York · 1935
- Finance Co. of America v. BrockCourt of Appeals for the Fifth Circuit · 1936
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