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Fall of Missouri’s Union Electric hit with heavy fine
The Union Electric Co faces a 175000 dollar fine and charter forfeiture stayable for 120 days if the company pays. The ruling by Circuit Judge Woolfolk at St. Charles bars the firm from operating in Missouri but allows liquidation to be avoided to protect innocent stockholders. The case links to Missouri’s broader political corruption probes and changes at North American Co. with Edward L. Shea named North American president.
MENTIONED IN THIS ARTICLE
Trail’s End
St. Louis Post-Dispatch
Union Electric Co
Missouri
Woolfolk
St. Charles
Union Electric
Louis H. Egan
The
Jefferson City
Frank J. Boehm
Albert C. Laun
Fred J.martin
SEC
North American Co
North America
James F. Fogarty
North American
Edward L. Shea
David A. Dyer
St. Charles County