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What is Trailer Train Co. Stock Dispute about?

The document is a court case regarding Reading Company, a railroad that entered bankruptcy reorganization and later discontinued rail operations. It owned stock in Trailer Train Company, which operated rail cars. Reading petitioned the court to order Trailer Train to repurchase the stock, convert it to debt, or pay dividends. The court ordered Trailer Train to repurchase the stock at book value, finding it breached fiduciary duty to Reading as a minority shareholder. Trailer Train appealed, arguing the cour

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Scribd Government Docs

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EN