June 10, 1893

Henry W.T. Steinway sues Steinway & Sons for “acts transcending the expressed or implied powers of a corporation”. More specifically, Henry W.T. claims that Steinway & Sons has operated as an illegal bank, in addition to being a piano company, and that Astoria real estate development was also conducted outside the charter. He even accuses Steinway & Sons of spending too much money on charities. Henry W.T. demands that his uncle William Steinway and his brothers Frederick and Charles pay back to Steinway & Sons all the money spent on the activities outside the chart.