TELLER v. W. A. GRISWOLD CO.

No. 7084.

87 F.2d 603 (1937)

TELLER et al. v. W. A. GRISWOLD CO. et al.

Circuit Court of Appeals, Sixth Circuit.

January 5, 1937.


Attorney(s) appearing for the Case

Charles C. Moore, of Chattanooga, Tenn. (Cornelius, McKinney & Gilbert, of Nashville, Tenn., on the brief), for appellants.

George H. Armistead, Jr., and Cecil Sims, both of Nashville, Tenn. (Trabue, Hume & Armistead and Bass, Berry & Sims, all of Nashville, Tenn., on the brief), for appellees.

Before HICKS, SIMONS, and ALLEN, Circuit Judges.


ALLEN, Circuit Judge.

Appeal by minority stockholders from a decree dismissing a bill in equity praying for receivership, and for a decree setting aside a sale of the assets and surrender of the charter of the W. A. Griswold Company, a Tennessee corporation, and for a retransfer of the assets. Appellants contend (1) that sufficient corporate action authorizing the transfer is lacking, and (2) that the transfer was fraudulent.

At a special meeting of stockholders...

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