Hackett v. Northern Pac. Ry. Co.

Citations

• 140 F. 717
• 1905 U.S. App. LEXIS 4826

Syllabus

<p>1. Corporations — Action by Stockholdeb — Sufficiency op Complaint.</p> <p>The complaint, in an action against a corporation to enforce rights as a preferred stockholder, must allege facts showing what the rights of such stockholders are under the contract made by the issuance of the stock. A mere allegation that plaintiff is a preferred stockholder states.a conclusion of law, and is insufficient</p> <p>2. Action — Misjoinder op Plaintiffs — Severalty of Interests.</p> <p>An action at law against a corporation to recover damages alleged to have been sustained by plaintiffs as stockholders cannot be maintained jointly by owners of stock in severalty, nor can such an action be severed.</p>