YOUNG v. COLUMBIA GAS & ELECTRIC CORPORATION

No. 7760.

129 F.2d 216 (1942)

YOUNG v. COLUMBIA GAS & ELECTRIC CORPORATION et al.

Circuit Court of Appeals, Third Circuit.

Decided June 30, 1942.


Attorney(s) appearing for the Case

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

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

Wm. H. Button, of New York City (Daniel O. Hastings, of Wilmington, Del., and Auchincloss, Alley & Duncan, and James B. Alley, all of New York City, on the brief), for defendant-appellee Columbia Oil & Gasoline Corporation.

Before MARIS, JONES, and GOODRICH, Circuit Judges.


MARIS, Circuit Judge.

Columbia Gas & Electric Corporation is a registered public utility holding company. It owns many subsidiaries which sell natural gas and electric energy. Columbia Oil & Gasoline Corporation, another of its subsidiaries, is engaged in gasoline extraction and cil production. It in turn owns all the capital stock of five oil and gasoline subsidiaries.1 In 1930 Columbia Oil purchased one-half of the outstanding...

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