Nussbaum v. Nussbaum

Grice, Justice.

The petition is what is sometimes called a stockholders’ derivative or representative suit, brought on behalf of the plaintiffs and other stockholders similarly situated, to enforce for the Miller Manufacturing Company rights which it is asserted belong to that company by virtue of its ownership of a 49 per cent, stock interest in the Miller Hydro Company. The rights sought to be enforced are those connected with the right of the manufacturing company to have the refusal of the purchase of the other 51 per cent, of the hydro company’s stock, which 51 per cent, is owned by the…