The outcome of the court case Henley et al. v. Myers, which involved a receiver of the Consolidated Barbed Wire Company, was that the court held that the receiver had no authority to sell the company's assets without the consent of the stockholders. The court further held that the receiver's actions were in violation of the company's charter and the state statutes governing the powers of receivers. The court ultimately ordered the receiver to cease and desist from any further sales of the company's assets and to account for all moneys received from previous sales.