ADELMAN v. CONOTTI CORPORATION

Record No. 740665.

213 S.E.2d 774 (1975)

215 Va. 782

Louis ADELMAN et al. v. CONOTTI CORPORATION et al.

Supreme Court of Virginia.

April 28, 1975.


Attorney(s) appearing for the Case

William H. King, Sr., Richmond (Gordon H. Rosser, Jr., John W. Patterson, McGuire, Woods & Battle, Richmond, on briefs), for appellants.

Alan G. Fleischer, Richmond (Miles Cary, Jr., Hirschler & Fleischer, Richmond, on brief), for appellees.

Before I'ANSON, C. J., and CARRICO, HARRISON, COCHRAN, HARMAN, POFF and COMPTON, JJ.


HARMAN, Justice.

This is an appeal from a final decree in a stockholders' suit in which the trial court decreed cancellation of 80,000 shares of common stock of Libbie Rehabilitation Center, Inc. (Libbie). These shares were issued at the direction of the Board of Directors of the corporation as part of an arrangement to finance an addition to Libbie's existing nursing home facility in Henrico County. The question for decision here is whether the trial court erred...

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