Galvin v. O'Brien

In 1885, plaintiffs held about $40,000 of the capita] stock of the Galvin Brass & Iron Works. The defendant was also a stockholder and director in the corporation. An agreement was entered into between the plaintiffs and defendant, by the terms of which defendant agreed, for a consideration of $3,000, to secure for plaintiffs the majority of the stock, so that at stockholders' meetings the plaintiffs could control the organization of the board, the election of officers, etc. The plaintiffs gave *484their check to defendant for $3,000, which was paid, and a memorandum was placed on the back of the…