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GALBRAITH v. BAY TRUST CO.

Nos. 6298, 6299.

64 F.2d 389 (1933)

GALBRAITH et al. v. BAY TRUST CO.

Circuit Court of Appeals, Sixth Circuit.

April 11, 1933.

Attorney(s) appearing for the Case

J. E. Kinnane, of Bay City, Mich. (Stevenson, Butzel, Eaman & Long, of Detroit, Mich., on the brief), for appellants.

W. B. Henry, of Bay City, Mich. (Clark & Henry, of Bay City, Mich., on the brief), for appellee.

Before MOORMAN, HICKS, and HICKENLOOPER, Circuit Judges.

MOORMAN, Circuit Judge.

The American Textiles, Inc., a Delaware corporation, owns all the capital stock of the Bay City Hosiery & Underwear Company, a Maine corporation, and the Illinois Knitting Company, an Illinois corporation. The capital stock of American Textiles is divided into four classes: First preferred, second preferred, A-common, and B-common. The B-common is the voting stock. This stock is held in almost equal parts by two groups, one of which, including...

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