Hopper v. Fesler Sales Co.
Court of Chancery of Delaware
Bill in Equity. The complainant seeks the appointment of a receiver on grounds of insolvency, and among other things alleges mismanagement by certain officers of the affairs of the company. A demurrer on behalf of the defendant was filed, in which it was claimed that the bill was multifarious, and the cause was heard on bill and demurrer. The facts are sufficiently stated in the opinion of the Chancellor.
1Opinion of the Court
The Chancellor.
The bill is filed by a stockholder against the corporation which was organized, among other *210things, to manufacture and sell a certain kind of shaving brush, and charges that it has not at any time since its incorporation engaged in the business for which it was incorporated, except in a very small way, but that the officers of the company have devoted practically all their time to selling shares of stock of the company instead of carrying into effect the legitimate objects of the corporation. It is also charged that the officers of the company have béen and now are grossly…
2Cases cited3 opinions
- Edwards v. Bay State Gas Co.U.S. Circuit Court for the District of Delaware · 1898
- Mahoney v. HealyCourt of Chancery of Delaware · 1911
- Morse v. Bay State Gas Co.U.S. Circuit Court for the District of Delaware · 1898
3Cited by5 opinions
- Pusey & Jones Co. v. HanssenSupreme Court of the United States · 1923
- Fleer v. Frank H. Fleer Corp.Court of Chancery of Delaware · 1924
- Lichens Co. v. Standard Commercial Tobacco Co.Court of Chancery of Delaware · 1944
- Pusey & Jones Co. v. HanssenCourt of Appeals for the Third Circuit · 1922
- Westerman v. WestermanSupreme Court of Rhode Island · 1973