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Business Organizations Keyed to Cox
Ringling Bros.-Barnum & Bailey Combined Shows v. Ringling
Citation:
53 A.2d 441 (1947)Facts
At the shareholder meeting, the corporation had outstanding 1000 shares of capital stock held as follows: 316 by petitioner Edith Ringling; 315 by defendant Aubrey B. Ringling Haley; and 370 by defendant John Ringling North. The purpose of the meeting was to elect the entire board of seven directors. Mr. Loos is an attorney and advised the parties with respect to the exercise of their voting rights. They were in accord that Mrs. Ringling should cast sufficient votes to elect herself and her son; and that Mrs. Haley should elect herself and her husband. On the morning of the meeting, however, Mr. Haley stated that because of something Mrs. Ringling had done, he would not consent to postponement. Mrs. Ringling then made a demand upon Mr. Loos to act under the agreement to arbitrate the disagreement.
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