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Business Associations Keyed to Bainbridge
Farris v. Glen Alden Corporation
Citation:143 A.2d 25 (1958)
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- The Brief Prologue provides necessary case brief introductory information and includes:
- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
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- Brief Facts: A Synopsis of the Facts of the case.
- Rule of Law: Identifies the Legal Principle the Court used in deciding the case.
- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Glen Alden is a Pennsylvania corporation engaged in the mining of anthracite coal and in the manufacture of air conditioning units and fire-fighting equipment. In October 1957, List Industries Corporation purchased through a wholly owned subsidiary 38.5% of Glen Alden’s outstanding stock. This acquisition enabled List to place three of its directors on the Glen Alden board. On March, 1958, the two corporations entered into a reorganization agreement. Two days after the agreement was executed, notice of the annual meeting of Glen Alder was mailed to the shareholders. On the day of shareholders’ meeting, plaintiff, a shareholder of Glen Alden, filed a complaint against the corporation and its officers seeking to enjoin them from executing and carrying out the agreement.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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- Policy: Identifies the Policy if any that has been established by the case.
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