MILLER v. MAGLINE, INC.

Docket No. 25812.

76 Mich. App. 284 (1977)

256 N.W.2d 761

MILLER v. MAGLINE, INC.

Michigan Court of Appeals.

Decided June 20, 1977.


Attorney(s) appearing for the Case

Lynch, Gallagher & Lynch and Milton Y. Zussman, for plaintiffs and cross-appellants.

Law, Weathers, Richardson & Dutcher (by W. Fred Hunting, Jr.), for defendant and cross-appellee Magline, Inc.

Before: DANHOF, C.J., and BASHARA and R.M. MAHER, JJ.


DANHOF, C.J.

On December 27, 1967, plaintiffs, minority shareholders, brought this action to compel the declaration and payment of dividends and to recover allegedly excessive compensation paid to named corporate officers. Trial was completed on April 29, 1970 and, in an opinion dated June 23, 1973, the chancellor concluded that a dividend should be declared, but denied the excess compensation claim, finding the compensation paid to

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