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HARR v. PIONEER MECHANICAL CORPORATION

2 F.Supp. 517 (1932)

HARR et al. v. PIONEER MECHANICAL CORPORATION.

District Court, S. D. New York.

November 18, 1932.

Attorney(s) appearing for the Case

Albert M. Lee, of New York City, for plaintiffs.

Cotton, Franklin, Wright & Gordon, of New York City (Paxton Blair, of New York City, of counsel), for defendant.

PATTERSON, District Judge.

The plaintiffs have applied for a preliminary injunction, and the defendant has made a counter motion to dismiss the bill as insufficient on its face. According to the amended bill, the plaintiffs are holders of a substantial block of preferred stock of the defendant which under the certificate of incorporation was entitled to cumulative dividends at the annual rate of $4 per share out of the surplus or net profits of the corporation. The...

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