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CORDTS v. BENEFICIAL LOAN SOC.

No. 743.

34 F.Supp. 197 (1940)

CORDTS et al. v. BENEFICIAL LOAN SOC. et al.

District Court, D. New Jersey.

August 2, 1940.

Attorney(s) appearing for the Case

Charles M. Grosman, of Newark, N. J., for plaintiffs.

Pitney, Hardin & Skinner, of Newark, N. J., for defendant Beneficial Loan Soc.

Lindabury, Depue & Faulks, of Newark, N. J., for defendant Bankers Nat. Investing Corporation.

FORMAN, District Judge.

Plaintiffs sue as stockholders of the defendant, Beneficial Loan Society, hereinafter designated "Beneficial", a corporation of the State of Delaware, and seek to set aside a sale to it made on January 10, 1938, by the codefendant, Bankers National Investing Corporation, likewise a Delaware corporation, of shares of stock of the Atlantic Life Insurance Company, a corporation of Virginia. A similar suit was brought in the Court of Chancery,...

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