Fraser v. Great Western Sugar Co.

Fielder, Y. C.

This is a suit by the holder of ten shares of preferred stock of the defendant Great Western Sugar Company (hereinafter called the Sugar Company) on behalf of himself and all other stockholders of said defendant who might join herein.

In November, 1933, said defendant had a surplus of' $30,000,000 and its officers and directors caused the organization of the Cache La Poudre Company (hereinafter called the New Company) and applied $9,000,000 of the Sugar Companys’ surplus to the purchase of the entire authorized capital stock of three hundred and sixty thousand shares of the New…