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JAQUITH & CO. v. ISLAND CREEK COAL CO.

88 N.J. Super. 244 (1965)

211 A.2d 812

JAQUITH & CO., A NEW YORK PARTNERSHIP, F.P. RISTINE & CO., A NEW YORK PARTNERSHIP, FRANK H. BLAIR, THE MAGUIRE FOUNDATION, INC., A CONNECTICUT CHARITABLE CORPORATION, THE FIRST PRESBYTERIAN CHURCH, A CONNECTICUT CHARITABLE CORPORATION, AND ESTELLE B. WRONKER, PLAINTIFFS, v. ISLAND CREEK COAL COMPANY, A DELAWARE CORPORATION, DEFENDANT.

Superior Court of New Jersey, Chancery Division.

Decided June 23, 1965.

Attorney(s) appearing for the Case

Mr. Morris M. Schnitzer for plaintiffs (Messrs. Kasen, Schnitzer & Kasen, attorneys; Mr. Waldron Kraemer, on the brief).

Mr. William L. Dill, Jr. for defendant (Messrs. Stryker, Tams & Dill, attorneys).

MATTHEWS, J.S.C.

This action was commenced by five stockholders of West Kentucky Coal Company, a New Jersey corporation, now merged into Island Creek Coal Company, a Delaware corporation, to secure the appointment of appraisers to fix the full market value of their stock and for the payment to them of the amount fixed by the appraisers. The action was commenced pursuant to the terms of N.J.S.A. 14:12-6 and 7...

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