American Realty Co. v. Amey
Supreme Judicial Court of Maine
On appeal by plaintiff. This is a bill in equity seeking to charge defendants as trustees of certain property for the benefit of plaintiff and to hold them accountable to the plaintiff for the profits derived by them from the purchase and sale of certain personal property, water rights and timberland properties comprising approximately 20,000 acres of woodland.
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On appeal by plaintiff. This is a bill in equity seeking to charge defendants as trustees of certain property for the benefit of plaintiff and to hold them accountable to the plaintiff for the profits derived by them from the purchase and sale of certain personal property, water rights and timberland properties comprising approximately 20,000 acres of woodland. The defendant Amey was. an agent of plaintiff company at its offices in Portland, Maine, for several years prior to the summer of 1917. He never knew anything about the properties in controversy until they were called to his attention…
1Opinion of the CourtMorrill, J.
The American Realty Company is a subsidiary of the International Paper Company, maintained by the latter company as a part of its organization for securing and maintaining an adequate and constant supply of wood for its mills. On September 25, 1916, the defendant, Amey, was, and for a long time prior thereto had been, employed by American Realty Company with title of “Assistant to the President”; he was attached to the company’s office in Portland, Maine; his immediate superior was the president of the company, Mr. George M. Stearns; his duties, as stated by Mr. Stearns, were “to prepare…
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