LUFKIN LAND & LUMBER COMPANY, PETITIONER,
v.
BEAUMONT TIMBER COMPANY, LIMITED
LUFKIN LAND & LUMBER COMPANY, PETITIONER,
BEAUMONT TIMBER COMPANY, LIMITED
214 U.S. 520
Supreme Court of the United States (1909)
Positive Treatment
Cited by 4 cases
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Broad v. Rockwell Int'l Corp., 642 F.2d 929 (5th Cir. 1981)…sh all conversion rights, absent explicit contractual provisions to the contrary.14 The same idea is expressed in Lisman v. Milwaukee, Lake Shore & Western Railway Co., 161 F. 472 (C.C.E.D.Wis.1908), aff’d mem., 170 F. 1020 (7th Cir.), cert. denied, 214 U.S. 520, 29 S.Ct. 700, 53 L.Ed. 1065 (1909): [I]t would appear that the [issuer] might, in the interest of its stockholders, go out of existence without giving the holder of a convertible bond any just cause of complaint. ... In the sale and purchase both…
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United States v. The J. B. Williams Co., Inc., 498 F.2d 414 (2d Cir. 1974)…on other grounds, 196 U.S. 1, 25 S.Ct. 158, 49 L.Ed. 363 (1904); Atchison, Topeka & Santa Fe Ry. v. United States, 172 F. 194 (7 Cir. 1909); United States v. Illinois Central R. R., 156 F. 182 (W.D.Ky.1907), rev’d, 170 F. 542 (6 Cir.), cert. denied, 214 U.S. 520, 29 S.Ct. 700, 53 L.Ed. 1066 (1909), the civil penalty provision in § 16(8) of the Interstate Commerce Act was intended to deprive the defendant not only of his Sixth Amendment right to jury trial but of his Seventh Amendment right as well. Indeed,…
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Elias v. Clarke, 143 F.2d 640 (2d Cir. 1944)…specifically interfering with the stockholders’ pre-emptive right to new stock. Like statutory authority is suggested and looked to in Lisman v. Milwaukee, L. S. & W. Ry. Co., C.C.E.D.Wis., 161 F. 472, affirmed 7 Cir., 170 F. 1020, certiorari denied 214 U.S. 520, 29 S.Ct. 700, 53 L.Ed. 1065. Compare also Welles v. Chicago & N. W. Ry. Co., C.C.E.D.N.Y., 163 F. 330, affirmed 2 Cir., 175 F. 562. Such a requirement for the protection of stockholders’ rights, necessary when the option is to the holder, has no pl…
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