OPINION BY MR. JUSTICE HORACE STERN, March 24, 1952:
The question here presented is whether a dissenting owner of shares of preferred stock of a business corporation can be compelled, under a proposed scheme of recapitalization, to accept common stock in exchange for his holdings, with loss of his right to the then accrued, cumulative, undeclared and unpaid dividends.
Hotel Easton Company was incorporated in 1924 under the General...
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