|
|
Hughes v. United States, 342 U.S. 353 (1952)
Contents:
Show Summary
Hide Summary
General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Hughes v. United States, 342 U.S. 353 (1952)
Hughes v. United States No. 8 Argued January 7, 1952 Decided February 4, 1952 342 U.S. 353
APPEAL FROM THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK
Syllabus
A Sherman Act consent decree provided for divorcement of a motion picture company’s production-distribution assets from its theater assets. Two new companies were to be formed; their stock was to be distributed to stockholders of the old company, and the latter was to be dissolved. Relative to appellant, who owned 24% of the stock of the old company, the decree provided that he might "either" sell his stock in one or the other of the new companies "or" deposit such stock with a court-designated trustee under a voting trust agreement to remain in force until appellant "shall have sold" his stock in one of the companies. Appellant chose not to sell any stock, and the District Court appointed a trustee and approved the agreed terms of a voting trust. Without evidence or findings of fact, and over appellant’s protests, the District Court later amended its order appointing the trustee and ordered that the trusteed stock be sold.
Held:
1. The provision of the decree did not require that appellant sell his stock within a reasonable time. Pp. 356-357.
2. Under the powers reserved in the consent decree, the District Court can require the sale of appellant’s stock, but that would be a substantial modification of the consent decree, which cannot be made without a hearing that includes evidence and a judicial determination based upon it. Pp. 357-358.
Reversed.
From an order of a three-judge District Court in a Sherman Act proceeding, compelling appellant to sell certain shares of stock, he appealed directly to this Court under 15 U.S.C. § 29. Reversed, p. 358.
Contents:
Chicago: U.S. Supreme Court, "Syllabus," Hughes v. United States, 342 U.S. 353 (1952) in 342 U.S. 353 342 U.S. 354. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=6MPA32XKAB7VUGJ.
MLA: U.S. Supreme Court. "Syllabus." Hughes v. United States, 342 U.S. 353 (1952), in 342 U.S. 353, page 342 U.S. 354. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=6MPA32XKAB7VUGJ.
Harvard: U.S. Supreme Court, 'Syllabus' in Hughes v. United States, 342 U.S. 353 (1952). cited in 1952, 342 U.S. 353, pp.342 U.S. 354. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=6MPA32XKAB7VUGJ.
|