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MARINE FORWARDING & SHIPPING CO. v. BARONE

No. 1098.

154 So.2d 528 (1963)

MARINE FORWARDING & SHIPPING CO., Inc. v. Albert B. BARONE.

Court of Appeal of Louisiana, Fourth Circuit.

Rehearing Denied July 1, 1963.

Attorney(s) appearing for the Case

Henican, James & Cleveland, C. Ellis Henican and C. Ellis Henican, Jr., New Orleans, for plaintiff and appellant.

Casey, Babin & Casey, Joseph S. Casey, New Orleans, for defendant and appellee.

McBRIDE, Judge.

Plaintiff sues for an injunction. Defendant, Albert B. Barone, had been the manager, president, and a member of the board of directors of plaintiff corporation, and owns 28 of the 95 shares of its outstanding capital stock. On January 14, 1963, defendant verbally announced to the vice president, who owns the other 67 shares of the capital stock, that he intended to resign. By letter of January 15, 1963, defendant resigned "from the Marine Forwarding...

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