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ALLIED FREIGHTWAYS, INC. v. CHOLFIN

325 Mass. 630 (1950)

91 N.E.2d 765

ALLIED FREIGHTWAYS, INC. vs. ISADORE CHOLFIN & others.

Supreme Judicial Court of Massachusetts, Suffolk.

April 11, 1950.

Attorney(s) appearing for the Case

S. Mondlick, for the defendants Isadore Cholfin and another.

M. Rosenthal, (A.P. Rudnick with him,) for the plaintiff.

Present: QUA, C.J., LUMMUS, RONAN, SPALDING, & COUNIHAN, JJ.

RONAN, J.

The plaintiff by its receivers brings this bill in equity against the defendants Isadore and Sarah Cholfin, two of its directors, to establish their liability for the alleged mismanagement of the corporation, especially in the disbursement of corporate funds for their personal benefit and in causing and permitting the funds of the corporation to be paid to the defendant Boston Used Truck & Equipment Co. to...

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