New York Court of Appeals October 20, 1944 (Espach v. Nassau & Suffolk Lighting Co.)

Lehman, Ch. J.

In the case of

Chelrob, Inc.,

v.

Barrett

(293 N. Y. 442) decided herewith, holders of preferred stock of Queens Borough Gas & Electric Company (hereinafter referred to as “ Queens ”) challenged the fairness and adequacy of the price which Nassau & Suffolk Lighting Co. (hereinafter referred to as “ Nassau ”) paid to Queens for gas manufactured by Queens and sold to Nassau.