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GOULD v. DISTRICT NATIONAL SECURITIES CORPORATION

No. 15447.

278 F.2d 34 (1960)

Kingdon GOULD, Jr., Appellant, v. DISTRICT NATIONAL SECURITIES CORPORATION et al., Appellees.

United States Court of Appeals District of Columbia Circuit.

Decided April 14, 1960.

Attorney(s) appearing for the Case

Mr. John J. Sexton, Washington, D. C., for appellant.

Mr. Edmund L. Jones, Washington, D. C., with whom Mr. Howard F. Roycroft, Washington, D. C., was on the brief, for appellees.

Before BAZELON, WASHINGTON and BURGER, Circuit Judges.

WASHINGTON, Circuit Judge.

In 1959 the plaintiff-appellant purchased 20 shares of common stock in the defendant-appellee company (a Virginia corporation). He then instituted a class action against the corporation and its officers and directors. Appellant alleged that voting trustees for the common shareholders had illegally transferred the voting rights of the common shareholders to the preferred shareholders, that the present directors had been invalidly elected...

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