SMITH, District Judge.
This is an action for specific performance of defendant's contract granting plaintiff an option to purchase one-third of defendant's 50% stock interest in two corporations: Biggs Boiler Works Company, and Central Management.
Biggs and Central Management were, in November, 1950, in financial difficulties. In this situation, Allied Commonwealth Corporation, a New Jersey corporation, was interested in taking over the financing of Biggs...
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