Lumsden v. Lumsden Bros. & Taylor, Inc.

ent. reversed on the law and the facts, with ten dollars costs and disbursements, and the motion to strike out the first defense setting up an arbitration agreement granted, with ten dollars costs. The cause of action is a derivative one whereby certain stockholders, suing on behalf of themselves' and other stockholders, seek relief for alleged wrongful acts of the individual defendants as officers and directors of Lumsden Bros. & Taylor, Inc., in selling, transferring and alienating all of the property of said corporation to defendant David W. Taylor, and in organizing the corporation,…