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JOHNSON v. BRANDON CORP.

No. 6112.

183 F.2d 444 (1950)

JOHNSON v. BRANDON CORP.

United States Court of Appeals Fourth Circuit.

Decided June 29, 1950.

Attorney(s) appearing for the Case

Harvey W. Johnson, of Spartanburg, S. C. (Alfred F. Burgess, of Greenville, S. C., George P. Callison, of Greenwood, S. C., Wyche, Burgess & Wollford, of Greenville, S. C., Young, Bell & Callison, and James B. Stephen, of Greenwood, S. C., on brief) for appellant.

C. F. Haynsworth, Jr., Stephen Nettles, Haynsworth & Haynsworth, and Nettles & Horton, all of Greenville, S. C., on brief for appellee.

Before SOPER, and DOBIE, Circuit Judges, and GILLIAM, District Judge.

PER CURIAM.

The plaintiff, a citizen of Wisconsin, was the owner of ten shares of common stock of the Brandon Corporation, a corporation organized under the laws of South Carolina, and brought a derivative action against it, complaining that the corporation, notwithstanding large earnings, had unreasonably withheld adequate dividends on the common stock of the corporation from the stockholders, and had entered into an expensive and undesirable contract with a selling...

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