STOCKHOLDERS COM. FOR BETTER MAN. v. ERIE TECH. PROD., INC.

Civ. A. No. 42-65.

248 F.Supp. 380 (1965)

STOCKHOLDERS COMMITTEE FOR BETTER MANAGEMENT OF ERIE TECHNOLOGICAL PRODUCTS, INC., et al., Plaintiffs, v. ERIE TECHNOLOGICAL PRODUCTS, INC., et al., Defendants.

United States District Court W. D. Pennsylvania.

November 30, 1965.


Attorney(s) appearing for the Case

Silin, Eckert and Burke, by William H. Burke, Erie, Pa., for plaintiffs.

McDonald and Illig, by Gifford, Graham, Irving Murphy, Erie, Pa., for defendants.


WEBER, District Judge.

This diversity stockholders' action involves the question of the extent to which the directors and majority shareholders of a Pennsylvania corporation may legally diminish the right of cumulative voting. Plaintiffs are four shareholders of defendant corporation who bring this action on their own behalf and also as a representative action on behalf of other minority shareholders whose proxies they held at the last annual meeting. Defendants are...

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