LIEBSCHUTZ v. SCHAFFER STORES CO.


279 A.D. 96 (1951)

Philip M. Liebschutz, Suing on Behalf of Himself and All Other Stockholders Similarly Situated, Appellant, v. Schaffer Stores Co., Inc., Respondent

Appellate Division of the Supreme Court of the State of New York, Third Department.

November 14, 1951.


Attorney(s) appearing for the Case

Charles M. Hughes and Samuel Levy for appellant.

Julius Muffson and Robert C. Poskanzer for respondent.

FOSTER, P. J., HEFFERNAN, BREWSTER and COON, JJ., concur.


BERGAN, J.

Plaintiff in 1942 became the record owner of forty shares of $100 par value, 7% cumulative preferred stock of defendant corporation. The stock certificate held by plaintiff, and the corporation's certificate authorizing the stock, provided that preferred stock might be redeemable "at $110.00 per share" on thirty days' notice.

No dividends had been paid on the preferred stock for a period from...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases