MARKS v. AUTOCAR COMPANY

Civ. A. No. 16075.

153 F.Supp. 768 (1954)

Sally MARKS v. The AUTOCAR COMPANY and the White Motor Company.

United States District Court E. D. Pennsylvania.

September 4, 1954.


Attorney(s) appearing for the Case

Martin Horwitz, New York City, Richard D. Solo, Philadelphia, Pa., for plaintiff.

C. L. Cushmore, Jr., Thomas Raeburn White, Philadelphia, Pa., Payne & Steingarten, New York City, White, Williams & Scott, Philadelphia, Pa., for Autocar Co.

Robert T. McCracken, John F. Headly, Joseph W. Swain, Jr., Montgomery, McCracken, Walker & Rhoads, Philadelphia, Pa., John H. Watson, Jr., Cleveland, Ohio, for White Motor Co.


KIRKPATRICK, Chief Judge.

The plaintiff, the beneficial owner of 1,400 shares of common stock of the defendant, Autocar, brought this action to obtain a money judgment for the value of her stock.

She was a minority stockholder and dissented from and voted against Autocar's adoption of a plan by which Autocar transferred the bulk of its assets to White in exchange for White stock, which it then distributed to its own stockholders, in a dissolution proceeding...

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