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GARWIN v. ANDERSON

Docket No. 15, Calendar No. 45,325.

334 Mich. 287 (1952)

54 N.W.2d 667

GARWIN v. ANDERSON.

Supreme Court of Michigan.

Decided September 3, 1952.

Attorney(s) appearing for the Case

Karbel & Eiges (Sidney L. Garwin and Norman Annenberg, of counsel), for plaintiff.

Butzel, Eaman, Long, Gust & Kennedy (Frank D. Eaman and A.H. Williams, of counsel), for defendants.

DETHMERS, J.

This is a stockholders' derivative suit brought against corporate directors and officers to recover for alleged breach of fiduciary duty in the following respects: (1) Sale of stock of the corporation at less than market price; (2) compromise settlement of excessive bonus claims of the corporation's president and another; (3) payment of excessive salaries to corporate officers; (4) compromise settlement of excessive commission claims of a creditor. From...

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