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EMERSON ELECTRIC COMPANY v. RELIANCE ELECTRIC COMPANY

No. 68 C 87(3).

306 F.Supp. 588 (1969)

EMERSON ELECTRIC COMPANY, a Missouri Corporation (a common stockholder), Plaintiff, v. RELIANCE ELECTRIC COMPANY, an Ohio Corporation, Defendant.

United States District Court E. D. Missouri, E. D.

September 18, 1969.

Attorney(s) appearing for the Case

Bryan, Cave, McPheeters & McRoberts, St. Louis, Mo., for plaintiff.

Kenneth Teasdale, Armstrong, Teasdale, Kramer & Vaughan, St. Louis, Mo., for defendant.

MEMORANDUM OPINION

REGAN, District Judge.

In this case, tried to the Court, plaintiff seeks a declaratory judgment concerning its liability, if any, to defendant for profits realized on the sale of certain stock. Defendant has counterclaimed for the amount of the profits. The issue of profits has been postponed pending the resolution of the issue of liability. We have diversity jurisdiction.

For determination is the construction and application of...

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