Bronson et al. v. La Crosse and Milwaukie Railroad Company et al.’s Empirical Analysis

Citation profile

20 federal appellate · 9 district · 22 state decisions

Most-quoted passages

The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 78 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. ““But this defense is independent of the company and of its directors, arid' the stockholder becomes a real and substantial party to the extent of his own interests and of those who may join him-, and against whom any proceeding, order, or decree of the court in the cause is binding, and may be enforced. It. is true, the remedy is an extreme one, and should be admitted by the court with hesitation and caution; but it grows out of the necessity of the case and for the sake of justice, and may be the only remedy to prevent a flagrant-wrong.””

   2 later decisions quote this exact passage · from the majority
   e.g. Ex parte Cutting · United States Bank v. City of Kendall

2. ““At tlie time this third mortgage was executed, and thus made subject to the second mortgage bonds, all these bonds had been negotiated by the company, and were in circulation, in the business community. They were all negotiated in the months of September, October, November, and December, J857. This the company, of course, well knew at the time of the execution of the third mortgage, and knew, also, of the circumstances attending the negotiation of them. They had received and were in the enjoyment of the avails of them, and with this knowledge, and under these circumstances, the third mortgage, and the bonds issued under it, were made in express terms subject to the payment and satisfaction of the bonds issued under the second. All persons, therefore, taking these third mortgage bonds, or coming in under the mortgage, took them and came in with a full knowledge that the mortgagor had made the security subject to the prior lien and indebtedness. Even if there had been any valid objection to these bonds under the second mortgage, it was competent for the obligor to waive them, and no better proof could be furnished of the waiver than the acknowledgment of the full indebtedness, by making the subsequent security subject to it. This was a question that belonged to the obligor to determine for himself when giving the third mortgage; but, besides this, what right have those coming in under it to complain? They come in with full notice of the acknowledgment of the indebtedness and p”

   1 later decision quote this exact passage · from the majority
   e.g. Mississippi Valley Trust Co. v. Washington Northern R. Co.

3. ““In a special case, however, where there is an allegation that the directors fraudulently refused to attend to the interests of the corporation, the court of equity will, in its discretion, allow a stockholder to become a party defendant for the purpose of protecting, from unfounded and illegal claims against the company, his own interest, and the interest of such other stockholders as may choose to join him in the defense.””

   1 later decision quote this exact passage · from the majority
   e.g. Central Trust Co. v. Marietta & N. G. R.