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M. W. WOOD ENTERPRISES, INC. v. UNITED STATES

Civ. A. No. 80-2080.

538 F.Supp. 974 (1982)

M. W. WOOD ENTERPRISES, INC. v. UNITED STATES of America.

United States District Court, E. D. Pennsylvania.

May 7, 1982.

Attorney(s) appearing for the Case

Norman A. Piel, Jr., Easton, Pa., for plaintiff.

Dawn MacPhee, Asst. U. S. Atty., Philadelphia, Pa., Patricia Scott-Clayton, U. S. Dept. of Justice, Washington, D. C., for defendant.

MEMORANDUM AND ORDER

TROUTMAN, District Judge:

In March 1972, plaintiff, M. W. Wood Enterprises, Inc., was incorporated pursuant to Pennsylvania law and authorized to issue 50,000 shares of common stock and 50,000 shares of preferred, each with a $10.00 par value. The preferred stockholders, although generally not possessing any voting rights, are entitled to vote if plaintiff fails to pay dividends for a specified...

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