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Standard Oil Co. of New Jersey v. United States , 221 U.S. 1 (1911), was a landmark U.S. Supreme Court decision that ruled that John D. Rockefeller 's petroleum conglomerate Standard Oil had illegally monopolized the American petroleum industry and ordered the company to break itself up. [ 1 ]
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The directors of AP Smith Manufacturing, a New Jersey company making fire hydrants in East Orange, approved donation of $1,500 (equivalent to $17,100 in 2023) to Princeton University. The shareholders disapproved of the gift and contended that it was a breach of a director's duty to act in the corporation or shareholder interests.
Judicial dissolution, informally called the corporate death penalty, is a legal procedure in which a corporation is forced to dissolve or cease to exist. Dissolution is the revocation of a corporation's charter for significant harm to society. [ 2 ]
The alleged move by Prince Telecom highlights the struggles that employers face trying to enforce a drug-free workplace with marijuana legal NJ company rescinded job offer to medical marijuana ...
New York Supreme Court, Commercial Division, at 60 Centre Street New York courts are frequently called upon to resolve disputes over whether a limited liability corporation (LLC) should be dissolved.
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