Plaintiffs move for summary judgment on the second and third causes. These causes are representative or class actions by certain stockholders to invalidate the issuance of all shares of common stock of the Economic Planning Corp. in excess of 77,250. The authorized capital stock of the subject corporation is 200,000 shares of common stock, of which prior to February 28, 1961, 77,250 shares were issued and outstanding. Of the issued...
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