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SCHOLLE v. CUBAN-VENEZUELAN OIL VOTING TRUST

No. 31, Docket 26055.

285 F.2d 318 (1960)

Sigurd SCHOLLE, Plaintiff-Appellant, v. CUBAN-VENEZUELAN OIL VOTING TRUST, Daniel E. MacLean as Trustee of the Cuban-Venezuelan Oil Voting Trust, Daniel E. MacLean, individually, and Warren W. Smith, Defendants-Appellees.

United States Court of Appeals Second Circuit.

Decided December 16, 1960.

Attorney(s) appearing for the Case

Benedict Ginsberg, New York City, for plaintiff-appellant.

A. Donald MacKinnon, New York City (Edward J. Reilly, Jr. and Milbank, Tweed, Hope & Hadley, New York City on the brief), for defendants-appellees.

Before LUMBARD, Chief Judge, and TUTTLE and FRIENDLY, Circuit Judges.

LUMBARD, Chief Judge.

Plaintiff-appellant, a citizen of New York, brought this action for breach of an agreement giving him an option to purchase stock. The option, granted by the defendant voting trust, organized under the law of Cuba,1 in consideration of past services, gave plaintiff, Sigurd Scholle, the right to purchase 50,000 shares of its stock at a price of $1.00 per unit "for the duration of the trust, which will expire June 1...

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