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BROWN v. HALBERT

Docket No. 25528.

271 Cal.App.2d 252 (1969)

76 Cal. Rptr. 781

HARRINGTON BROWN, JR., et al., Plaintiffs and Appellants, v. VENA HALBERT, Individually and as Administratrix, etc., et al., Defendants and Respondents.

Court of Appeals of California, First District, Division Three.

March 28, 1969.

Attorney(s) appearing for the Case

Thomas, Snell, Jamison, Russell, Williamson & Asperger, William N. Snell and Michael A. Willemsen for Plaintiffs and Appellants.

Berryhill & Kuney, Kenneth A. Kuney, Richard W. Nichols, McCutchen, Doyle, Brown & Enersen, Morris M. Doyle, Arthur R. Albrecht and David M. Balabanian for Defendants and Respondents.

BROWN (H.C.), J.

This action was instituted by four minority stockholders in the Tulare Savings & Loan Association (hereafter Association), individually and on behalf of all other minority stockholders similarly situated. The purpose of the first cause of action was to impose a trust on a portion of the funds the defendants1 realized as a result of a sale of their majority stock interest allegedly in violation of their fiduciary obligations...

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