Derivative stockholder's action against directors and former directors of respondent corporation to compel repayment of $261,522 alleged to have been wrongfully spent by them to obtain proxies to gain voting control. It is alleged that the former board of directors spent $133,966 of the corporation's funds for that purpose. It is claimed that the committee which worked for the election of the new board spent $127,556, and the new board, when elected, authorized the repayment...
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