Claim of Pacifico v. Treadway Inns Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• revocation requires court’s permission; but New York statute expressly limits revocation and dicta in case suggests different result without such a limitation
• “Under the circumstances, it would be unreasonable to expect [the electing stockholder] to purchase [the petitioning stockholder’s] shares at their prepetition value, when the stock has been rendered worthless because of an unfortunate and unanticipated event.”

Source: CourtListener parenthetical corpus (CC0).