OPINION BY MR. CHIEF JUSTICE HORACE STERN, October 18, 1956:
This is an appeal from the grant of a preliminary injunction restraining the payment of a dividend to its stockholders by the Philadelphia Transportation Company.
The dividend in question — one of thirty cents on each share of the common stock of the Company, payable October 1, 1956, — was declared by the Board of Directors on August 28, 1956. The action thus taken was over the objection...
Let's get started
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.