BACHE & CO. v. GENERAL INSTRUMENT CORP.


74 N.J. Super. 92 (1962)

180 A.2d 535

BACHE & CO., A LIMITED PARTNERSHIP, PLAINTIFF-RESPONDENT, v. GENERAL INSTRUMENT CORPORATION, A NEW JERSEY CORPORATION, DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided May 2, 1962.


Attorney(s) appearing for the Case

Mr. James J. Casby, Jr., argued the cause for appellant (Messrs. Bleakly, Stockwell & Zink, attorneys).

Mr. Ira Rabkin argued the cause for respondent (Messrs. Evoy & Feinberg, attorneys).

Before Judges GOLDMANN, FREUND and FOLEY.


The opinion of the court was delivered by GOLDMANN, S.J.A.D.

Defendant corporation appeals from a Chancery Division order declaring plaintiff entitled, under N.J.S.A. 14:12-7, to the appraisal of certain stock it held for one of its customers.

Plaintiff, by order to show cause based on complaint and affidavit, sought the appraisal as a minority stockholder dissenting to a proposed merger involving the corporation. Defendant answered and filed a motion...

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