MEYER v. ST. LOUIS SOUTHWESTERN RAILWAY COMPANY

No. 8327(2).

124 F.Supp. 315 (1952)

Walter E. MEYER, suing on behalf of himself and all other common stockholders of St. Louis Southwestern Railway Company, Plaintiff, v. ST. LOUIS SOUTHWESTERN RAILWAY COMPANY, Defendant.

United States District Court E. D. Missouri, E. D.

June 11, 1952.


Attorney(s) appearing for the Case

Walter E. Meyer, New York City, pro se.

Shepley, Kroeger, Fisse & Shepley, St. Louis, Mo., for plaintiff.

John W. Murphy, St. Louis, Mo., Lackland H. Bloom, St. Louis, Mo., for defendant.


HULEN, Judge.

The question for ruling is — shall a state court proceeding, including as parties the parties in this case, be accepted as grounds for staying this proceeding until decision of the state court. Both cases involve the same substantive issue — rights of common and preferred stockholders to dividends declared by defendant.

Certain facts are not in dispute. Defendant declared a dividend on November 26th, 1951, in the sum of $370,648...

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