(DOWNLOAD) "Central Ry. Signal Co. v. Longden." by United States Court of Appeals Seventh Circuit. " eBook PDF Kindle ePub Free
eBook details
- Title: Central Ry. Signal Co. v. Longden.
- Author : United States Court of Appeals Seventh Circuit.
- Release Date : January 15, 1952
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 71 KB
Description
In its complaint in the District Court, plaintiff averred that defendant Ralph L. Longden, through the instrumentality of defendant Victory Ordnance Corporation, while president of plaintiff, diverted a corporate opportunity presented in the form of proposed facilities and supply contracts with the Navy Department of the United States for loading 20mm. antiaircraft shells. The court entered judgment in favor of plaintiff and against defendant Ralph L. Longden for $84,000 and against each of defendants Ralph L. Longden and Edna S. Longden in the sum of $7500, the total of which, however, the court held should be credited with $52,900. The court further decreed that all assets of defendant Victory Ordnance Corporation are in equity the property of plaintiff, that Victory holds them as trustee for the benefit of plaintiff, subject to appropriate accounting by defendant for the income and disbursements of Victory subsequent to December 31, 1947, and directed transfer and delivery to plaintiff of certificates representing all of the outstanding shares of Victorys capital stock. This appeal followed.
 "Central Ry. Signal Co. v. Longden." by United States Court of Appeals Seventh Circuit. " eBook PDF Kindle ePub Free){kind=link}