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KIRBY v. WILSON

No. 4934.

27 F.2d 327 (1928)

KIRBY v. WILSON et al.

Circuit Court of Appeals, Sixth Circuit.

June 30, 1928.

Attorney(s) appearing for the Case

George W. Ritter, of Toledo, Ohio (Ritter & Brumback, of Toledo, Ohio, on the brief), for appellant.

Edmund Burroughs, of Akron, Ohio, for appellee Swinehart.

Before MOORMAN and KNAPPEN, Circuit Judges, and ANDERSON, District Judge.

MOORMAN, Circuit Judge.

The Zenith Tire & Rubber Company was organized under the laws of Delaware. Shortly after it was organized the appellee Harris advised the board of directors that he would expect $250,000 of the common stock of the company as a compensation for himself and his associates (also appellees) for the work which they had done preliminarily to organizing the corporation, and for their services as officers and directors in financing it. At the same...

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