[DOWNLOAD] "Istituto Bancario Italiano Spa v. Hunter" by Supreme Court of Delaware " Book PDF Kindle ePub Free
eBook details
- Title: Istituto Bancario Italiano Spa v. Hunter
- Author : Supreme Court of Delaware
- Release Date : January 20, 1982
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 81 KB
Description
QUILLEN, Justice: This action was filed by Istituto Bancario Italiano SpA (IBI) in the Court of Chancery seeking to have cancelled 190,000 shares of the 200,000 shares of Hunter Engineering Company, Inc. (Hunter), which had been issued to Hunter's parent, Efday B.V. (Efday), as a stock dividend, and then sold to Tools Machine-En-Gereedschappenhandel B.V. (Tools), the present owner of the shares. IBI, the pledgee from Efday of the original 10,000 shares of Hunter common stock, charged that the 190,000 shares were fraudulently issued as part of a conspiracy to dilute IBI's control of Hunter. IBI is an Italian banking corporation. Hunter is a Delaware corporation with principal offices in California. Efday and Tools are Dutch corporations with principal offices in Amsterdam.