Schick v. Riemer

HOUSER, Commissioner.

This is a suit by Harry Schick and Walter Ennis, minority stockholders, against Francis Riemer, the majority''stockholder, Carl J. Stay and-F. Lee Riemer, stockholders, and against the corporation itself, in which pláintiffs seek judgment on the theory that a single,, dominant, majority and controlling stockholder has no legal right to vote to- pay himself and his subservient nominee assets out of the corporate treasury without the knowledge and approval of, ratification by, or discussion with substantial minority stockholders. The trial court entered a decree for…