Independence Lead Mines Co. v. Kingsbury

It will be a shock to the legal profession that this court holds, in a proceeding in equity, that stockholders suing a corporation known by them to be entirely controlled by president Keane, also known by them to be a criminal, as yet undisclosed to the public, who has continually robbed the corporation of its Clayton stock1 *and who, as an inducement for their action, threatens them to steal all its remaining Clayton stock,2 and who was necessarily in fear of exposure by them either by a stockholders’’ suit for restitution for the thefts or by seeking a criminal prosecution, may secure his…