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DARMANA v. NEW ORLEANS STOCK YARD

No. 41616.

77 So.2d 528 (1954)

226 La. 897

Mrs. Louise B. DARMANA et al. v. NEW ORLEANS STOCK YARD, Inc., et al.

Supreme Court of Louisiana.

Rehearing Denied January 10, 1955.

Attorney(s) appearing for the Case

Tucker & Schonekas, New Orleans, for defendants-appellants.

Oliver S. Livaudais, Jr., Byrnes & Wallace, New Orleans, for plaintiffs-appellees.

LE BLANC, Justice.

A group of minority stockholders of New Orleans Stock Yards, Inc., instituted this proceeding in which they seek injunctive relief from the action of the majority of the Board of Directors of the corporation in having voted certain salaries for its officers which, it is alleged, are an unwarranted outlay of corporate funds and for which the corporation is receiving no consideration. In the alternative it is alleged that if there is consideration...

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