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McLouth Steel Corp. v. CORP. & SEC. COMM.

Citations: 105 N.W.2d 117; 361 Mich. 420Docket: 37, Calendar No. 48,487

Court: Michigan Supreme Court; September 16, 1960; Michigan; State Supreme Court

Narrative Opinion Summary

The Supreme Court of Michigan, in McLouth Steel Corporation v. Corporation Securities Commission, reversed and set aside the decision of the appeal board, deeming it invalid. The ruling is primarily influenced by the precedent established in Detroit Edison Company v. Corporation Securities Commission, 361 Mich 150. The case was remanded for further proceedings that align with this majority opinion. No costs are awarded due to the public nature of the question involved. The decision was concurred by Chief Justice Dethmers and Justices Carr, Kelly, Smith, Black, Edwards, and Kavanagh, with Justice Souris not participating in the case.

Legal Issues Addressed

Application of Precedent in Judicial Decisions

Application: The Supreme Court of Michigan applied the precedent established in a previous case to determine the outcome of the current case.

Reasoning: The ruling is primarily influenced by the precedent established in Detroit Edison Company v. Corporation Securities Commission, 361 Mich 150.

No Award of Costs in Public Interest Cases

Application: No costs were awarded in this case due to the involvement of a public question.

Reasoning: No costs are awarded due to the public nature of the question involved.

Remand for Further Proceedings

Application: The case was sent back to a lower authority for further action consistent with the Supreme Court's opinion.

Reasoning: The case was remanded for further proceedings that align with this majority opinion.