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ORTH v. TRANSIT INV. CORPORATION

No. 8084.

132 F.2d 938 (1942)

ORTH v. TRANSIT INV. CORPORATION et al.

Circuit Court of Appeals, Third Circuit.

Decided December 29, 1942.

Attorney(s) appearing for the Case

George Henry Huft, of Philadelphia, Pa. (Keough, Huft, Bohan & Kitchen, of Philadelphia, Pa., on the brief), for appellants.

Joseph P. Gaffney, of Philadelphia, Pa. (Thomas C. Egan, and James J. McGinnis, both of Philadelphia, Pa., on the brief), for appellees.

David L. German and Joseph Ominsky, both of Philadelphia, Pa., for intervenor Ralph W. Jones, and amici curiæ.

Before BIGGS, MARIS and JONES, Circuit Judges.

BIGGS, Circuit Judge.

Facts

On March 7, 1940, the plaintiff, a preferred stockholder of Transit Investment Corporation, a Pennsylvania corporation, filed suit on behalf of himself and the other stockholders of Transit Investment Corporation against that company, against Pennsylvania Acceptance Corporation, a Delaware corporation, and against certain individuals who were or are officers and directors of Transit Investment Corporation. An amended complaint...

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