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BURNRITE COAL CO. v. RIGGS

No. 227.

274 U.S. 208 (1927)

BURNRITE COAL BRIQUETTE COMPANY v. RIGGS ET AL.

Supreme Court of United States.

Decided May 2, 1927.

Attorney(s) appearing for the Case

Messrs. James J. Lynch and George W.C. McCarter with whom Mr. Robert H. McCarter was on the brief, for petitioner.

Mr. Merritt Lane, with whom Mr. Joseph L. Smith was on the brief, for respondents.

MR. JUSTICE BRANDEIS delivered the opinion of the Court.

This suit was brought in the federal court for New Jersey against the Burnrite Coal Briquette Company, a Delaware corporation, by Riggs, a stockholder. The bill charged gross mismanagement; prayed for the appointment of a receiver to conserve the assets; and asked, that "if deemed advisable" the court "proceed under the statutes of the State of New Jersey . .. and that the

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