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McPHAIL v. L. S. STARRETT COMPANY

No. 5330.

257 F.2d 388 (1958)

Russell McPHAIL, Plaintiff, Appellant, v. The L. S. STARRETT COMPANY, Defendant, Appellee.

United States Court of Appeals First Circuit.

Decided July 18, 1958.

Attorney(s) appearing for the Case

Walter Powers, Boston, Mass., with whom Walter Powers, Jr., Boston, Mass., was on brief, for appellant.

Charles B. Rugg, Boston, Mass., with whom Fred B. Lund, Jr., Henry S. Streeter and Ropes, Gray, Best, Coolidge & Rugg, Boston, Mass., were on brief, for appellee.

Before MAGRUDER, Chief Judge, and WOODBURY and HARTIGAN, Circuit Judges.

WOODBURY, Circuit Judge.

This is an appeal from a judgment entered for the defendant in a suit brought by a minority stockholder to enjoin his corporation from putting an employees' stock option plan into operation. The plaintiff is a citizen of Florida, the defendant is a Massachusetts corporation, and there can be no doubt whatever that the matter in controversy between them exceeds the sum or value of $3,000 exclusive of interest and costs. Thus federal jurisdiction...

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