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WELCHMAN v. KOSCHWITZ

21 N.J. Super. 304 (1952)

91 A.2d 169

CHARLES G. WELCHMAN, SUING AS A STOCKHOLDER OF GUSTAV GLASER CO., INC., FOR THE BENEFIT OF HIMSELF AND ALL OTHER STOCKHOLDERS SIMILARLY SITUATED, PLAINTIFF, AND ALSO ON BEHALF AND IN THE RIGHT OF GUSTAV GLASER CO., INC., DEFENDANT, v. FREDERICK H. KOSCHWITZ AND MALCOLM G. PECK, DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided September 1, 1952.

Attorney(s) appearing for the Case

Mr. Thornton C. Land, attorney for plaintiff.

Messrs. Ruback, Albach & Weisman, attorneys for defendants Koschwitz and Peck.

Mr. David M. Satz, attorney for defendant Gustav Glaser Co., Inc.

GRIMSHAW, J.S.C.

This action was filed by the plaintiff on behalf of and for the benefit of the defendant corporation Gustav Glaser Co., Inc. It is essentially a controversy between the two majority stockholders.

Various charges of misconduct on the part of the defendants Peck and Koschwitz, directors of the Glaser Company, are set forth in the complaint. Most of the actions to which exception is taken were...

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