Summary

Portrait of Morrison Waite Morrison Waite East Tennessee v. Grayson — Opinion of the Court

As a stockholder, he seeks protection from the illegal acts of his own company as well as the other. According to the allegations of the bill, it may fairly be inferred that a majority of the stockholders of the Memphis & Charleston Company have combined with the East Tennessee, Virginia & Georgia Company to sacrifice the rights of the minority, and this suit is in behalf of the minority to protect themselves against this unlawful and fraudulent combination.
Source: Wikisource

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