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An exposition hall was destroyed by fire. The plaintiffs are exhibitors who lost property. Defendants are the corporate parent of a wholly owned subsidiary electrical contractor corporation which allegedly installed faulty wiring in the exposition hall..
United States District Court for the Northern District of Illinois | 47 F.R.D. 155 (N.D. Ill. 1969)
Plaintiff sent a letter to Defendant proposing a 60 day option to purchase Defendant's assets. Defendant responded with a letter encouraging Plaintiff to invest time and money doing a survey of Defendant's company, with the promise that Defendant would cooperate fully if Plaintiff made a firm offer which provided for the continued employment of certain employees under mutually satisfactory terms.
Supreme Court of Illinois | 16 Ill. 2d 234; 156 N.E.2d 513 (1958)
Waxman formed a no-asset corporation to act as a signatory on a series of sales agreements for bowling alley equipment with Brunswick. The no-asset corporation then leased the equipment to five separate partnerships which operated five separate bowling alleys.
United States Court of Appeals for the Second Circuit | 599 F.2d 34 (2d Cir 1979)
The parties brought a motion to approve a settlement between the corporation and its defendant directors as fair and reasonable. The motion is required by Delaware Chancery Rule 23.
Court of Chancery of Delaware, New Castle | 698 A.2d 959 (Del. Ch. 1996)
Cranson hired an attorney to incorporate a business. Cranson acted as president of the corporation, and exercised corporate business observing all formalities.
Maryland Court of Appeals | 234 Md. 477, 200 A.2d 34 (1964)
Oreamuno (D) was the chairman of the board of directors for MAI, who is in the business of financing computer installations. MAI provided maintenance agreements with the computers sold but could not handle all of the service and contracted with IBM to fulfill the agreements.
Court of Appeals of New York | 301 N.Y.S. 2d 78 (N.Y. 1969)
Ford Motor Co. had a surplus of almost $112 million. It declared a dividend of $1.2 million.
Michigan Supreme Court | 204 Mich. 459, 170 N.W. 668. (Mich. 1919)
Harry Rodd (Defendant), a controlling stockholder in Rodd Electrotype (Defendant) caused the corporation to buy 45 of his shares for $800 per share. He also made gifts and sales of the rest of his holdings to his children.
Massachusetts Supreme Court | 328 N.E. 2d 505 (Mass. 1975)
Glen Alden Corp (D) is a corporation that primarily engages in mining and manufacturing. List, a holding company, purchased 38.
Supreme Court of Pennsylvania | 143 A.2d 25 (Pa. 1958)
FIB and FNJ entered into a contract for the purchase of certain bonds. On behalf of FNJ, their senior vice president, Boyd, signed the contract.
United States Court of Appeals for the Fifth Circuit | 928 F.2d 153 C.A.5 (La.),1991
Mrs. Pritchard inherited her husband’s interest in a reinsurance business, and with it a seat on the board, but did not attend board meetings or perform any duties.
Supreme Court of New Jersey | 87 N.J. 15 (N.J. 1981)
This is an action for specific performance of a shareholder agreement between brothers Benjamin Galler, deceased, and Isadore Galler (defendant) by Emma Galler (plaintiff). The brothers incorporated and ran their business for over 30 years.
Supreme Court of Illinois | 32 Ill. 2d 16 (Ill. 1964)