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HORNSBY et al. v. LOHMEYER et al.

364 Pa. 271 (1950)

Hornsby et al., Appellants, v. Lohmeyer et al., Appellants.

Supreme Court of Pennsylvania.

March 20, 1950.

Attorney(s) appearing for the Case

Frederic L. Clark, with him Everett H. Brown, Jr., James F. McMullan and Clark, Brown, McCown, Fortenbaugh & Young, for defendants.

D. Arthur Magaziner, with him Mayer, Magaziner & Brunswick, for Thomas M. Browning, defendant.

Roland J. Christy, for plaintiff.

Before MAXEY, C.J., DREW, LINN, STERN, STEARNE and JONES, JJ.

OPINION BY MR. JUSTICE HORACE STERN, March 20, 1950:

Plaintiffs are minority stockholders in the Thurman Manufacturing Company, a Pennsylvania corporation. They brought a bill in equity against the officers and directors, naming the corporation also as a party defendant. The bill alleged fraudulent withdrawals of corporate property for which plaintiffs demanded an accounting and restitution; it complained also of allegedly improper sales and transfers of stock. Defendants...

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