KING MACHINE COMPANY v. CAPORASO


2 N.J. Super. 230 (1949)

63 A.2d 270

KING MACHINE COMPANY, INC., A CORPORATION OF THE STATE OF NEW JERSEY, AND J. KIRK HOPPER, PLAINTIFFS, v. LOUIS CAPORASO, LOUIS MARCUS, MAE CAPORASO AND MILDRED CAPORASO, DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided January 13, 1949.


Attorney(s) appearing for the Case

Mr. John D. Masterton, attorney for plaintiffs.

Mr. Emanuel Weitz and Miss Elsie White, attorneys for the defendants Caporaso and Marcus.

Mr. Emil Wulster, attorney for the Saddle River Reformed Church.

Mr. Robert Kronman, attorney for Louis Schneider, a stockholder.


GRIMSHAW, J.S.C.

The plaintiff, King Machine Company, is a corporation of this State engaged in the business of manufacturing oil burners. The company was organized in 1944. At the time when the series of transactions began with which this litigation is concerned, the common stockholders were:

Leonard C. Post,                            11 shares,
Edith M. Post,                               1  share,
Edgar...

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