1. Home
  2. Browse Decisions
  3. A.2d
  4. 130 A.2d
  5. 130 A.2d 321 (1955)
 

SCHLEIFF v. BALTIMORE & OHIO RAILROAD COMPANY

130 A.2d 321 (1955)

Oscar SCHLEIFF, Plaintiff, v. The BALTIMORE & OHIO RAILROAD COMPANY, a corporation of the State of Maryland, and General Motors Corporation, a corporation of the State of Delaware, Defendants.

Court of Chancery of Delaware, New Castle.

On Motions for Reargument April 13 and May 14, 1956.

On Renewed Motions for Summary Judgment March 15, 1957.

Attorney(s) appearing for the Case

William E. Taylor, Jr., Wilmington, and William E. Haudek, Pomerantz, Levy & Haudek, New York City, Robert C. Barab, Wilmington, and Charles Rosenthal, New York City, for plaintiff.

Aaron Finger and Edmund N. Carpenter, II (of Richards, Layton & Finger), Wilmington, and Henry M. Hogan, Detroit, Mich., for defendant General Motors Corp.

William Prickett, Wilmington, for defendant Baltimore & O. R. Co.

SEITZ, Chancellor.

This is a derivative action filed in July 1952 by a stockholder of a carrier, Baltimore and Ohio Railroad Company (hereafter "B & O"), seeking rescission of the sale of certain lands by B & O to a then potential shipper, General Motors Corporation (hereafter "GM"). The basic theory of the action is that the price paid for the land was legally inadequate and constituted an advance rebate on contemplated freight charges on freight which would...

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