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LAND v. DOLLAR

No. 207.

330 U.S. 731 (1947)

LAND, CHAIRMAN, UNITED STATES MARITIME COMMISSION, ET AL. v. DOLLAR ET AL.

Supreme Court of United States.

Decided April 7, 1947.

Attorney(s) appearing for the Case

Paul A. Sweeney argued the cause for petitioners. With him on the brief were Acting Solicitor General Washington, Assistant Attorney General Sonnett, Melvin Richter, Ellis Lyons and Paul D. Page.

Gregory A. Harrison argued the cause for respondents. With him on the brief were Moses Lasky, Clinton M. Hester and M.M. Kearney.

MR. JUSTICE DOUGLAS delivered the opinion of the Court.

Petitioners are present and former members of the United States Maritime Commission. Respondents are stockholders of Dollar Steamship Lines, Inc., Ltd. (Dollar of Delaware), whose corporate name was changed to American President Lines, Ltd., subsequent to the execution in 1938 of a contract out of which the present litigation arises. By 1937 Dollar of Delaware was in difficult financial straits. The problems...

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