Lewis & Co. v. Radford

CULLEN, Commissioner.

Lewis & Company, a Corporation controlled by M. W. Lewis, Jr., brought suit-in equity against Cyrus S. Radford seeking to be awarded 10 percent of the capital stock, and 10 percent of the profits since 1942, of The Radford Company, a corporation controlled by Cyrus S. Radford. Lewis & Company offered in its petition to. pay to Radford an amount equal to one-tenth of the paid-in capital of The Radford Company. From a judgment dismissing its petition, Lewis & Company appeals.

The suit is based primarily on the contention that Radford occupied a fiduciary relationship towards…