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BRONSON v. BAGDAD COPPER CORPORATION

151 A.2d 677 (1959)

Edmond B. BRONSON, Plaintiff Below, Appellant, v. BAGDAD COPPER CORPORATION, a corporation of the State of Delaware, Defendant Below, Appellee.

Supreme Court of Delaware.

May 28, 1959.

Attorney(s) appearing for the Case

Aaron Finger of Richards, Layton & Finger, Wilmington, for appellant.

James M. Tunnell, Jr. of Morris, Nichols, Arsht & Tunnell, Wilmington, for appellee.

SOUTHERLAND, C. J., and WOLCOTT and BRAMHALL, JJ., sitting.

SOUTHERLAND, Chief Justice.

This is a suit for the recovery of shares of treasury stock of Bagdad Copper Corporation, alleged to be held by the corporation as a quasi-trustee for the benefit of plaintiff and others.

The defendant, Bagdad Copper Corporation, is the successor of Arizona Bagdad Copper Company, which in 1927 was the owner of mineral lands and mining claims in Arizona. Arizona Bagdad lacked capital to develop the properties.

The plaintiff...

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