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LELAND STANFORD JR. UNIVERSITY v. NATIONAL SUPPLY CO.

No. 20462.

46 F.Supp. 389 (1942)

LELAND STANFORD JUNIOR UNIVERSITY et al. v. NATIONAL SUPPLY CO.

District Court, N. D. California, S. D.

June 25, 1942.

Attorney(s) appearing for the Case

McCutchen, Olney, Mannon & Greene, of San Francisco, Cal., for plaintiffs.

Chickering & Gregory, of San Francisco, Cal., for defendant.

WELSH, District Judge.

This Court is of the opinion that the plaintiff, Leland Stanford Junior University, was deprived of the opportunity of timely exercising its legal right to demand and receive the full cash value of its stockholding in the National Supply Company of Delaware, under circumstances in evidence which amounted to a breach of trust on the part of the directors and officers of that company towards its stockholders; and upon this ground judgment is ordered...

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