Lovell v. Smith

THOMAS, Justice.

The complaint was against the defendants as promoters and directors of a corporation. It alleges a breach of duty as such promoters occupying a fiduciary re-latipn to prospective subscribers for the corporation’s stock.

The questions for consideration are thus stated by appellant’s counsel: “ * * * that the defendants, while promoters, and inviting the plaintiff and others to subscribe to the stock, and having secured for themselves special prices and advantages and control of the voting stock of the company, caused the plaintiff to be solicited as a subscriber without…