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YOUNG v. COLUMBIA GAS & ELECTRIC CORPORATION

Civ. A. No. 52.

37 F.Supp. 22 (1941)

YOUNG v. COLUMBIA GAS & ELECTRIC CORPORATION et al.

District Court, D. Delaware.

February 20, 1941.

Attorney(s) appearing for the Case

Harry F. Payer and Eugene Bleiweiss (of Payer, Corrigan, Bleiweiss & Cook), both of Cleveland, Ohio, and Howard Duane, of Wilmington, Del., for plaintiff.

Frederick H. Wood and Douglas M. Moffat (of Cravath, de Gersdorff, Swaine & Wood), both of New York City, and Clarence A. Southerland (of Southerland, Berl, Potter & Leahy), of Wilmington, Del., for Columbia Gas & Electric Corporation.

William H. Button and James B. Alley (of Auchincloss, Alley & Duncan), both of New York City, and Daniel O. Hastings (of Hastings, Stockly & Layton), of Wilmington, Del., for Columbia Oil & Gasoline Corporation.

NIELDS, District Judge.

This is a suit by the holder of 100 shares of the common stock of Columbia Gas & Electric Corporation to enjoin the carrying out of a plan submitted to this court as a settlement of United States v. Columbia Gas & Electric Corporation and others, a pending anti-trust suit.

The complaint charges such inadequacy of consideration as to amount to "reckless and illegal distribution and waste of the assets of Columbia Gas" and that...

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