Stone v. Holly Hill Fruit Products, Inc.

SIBLEY, Circuit Judge.

The amended stockholders’ bill of Edith L. Stone and four others owning altogether about 2 per cent, of the capital stock of Holly Hill Fruit Products, Inc., which was brought against the corporation and certain officers accused of misconduct and prayed for injunction, a receiver and general relief, was dismissed on motion of the corporation, and complainants appeal.

One ground of the motion was that the bill complains of corporate mismanagement and does not show that the complaining stockholders had exhausted their remedies within the corporation. The bill, filed a few…