Farmers' Loan & Trust. Co. v. Central R. & Banking Co.

Citations

• 120 F. 1006
• 1903 U.S. Dist. LEXIS 389

Syllabus

<p>1. Corporations — Reorganization — Stockholders — Rights — Merger of-Claims.</p> <p>Intervener recovered judgment against a company for accrued dividends on stock held by his intestate. The company subsequently became-involved in litigation, and was reorganized under a new charter. Intervener thereupon deposited his stock under the reorganization plan, and. received preference bonds of the new company. Held, that intervener was bound by his action in entering into the reorganization, and could not assert his judgment, obtained against the old company, against the-assets of the new company, to the prejudice of other creditors.</p>