Foster v. Bowen

The plaintiff, a minority stockholder in the Fitchburg and Leominster Street Railway Company, brings this bill in behalf of herself and all other stockholders who desire to join therein to recover for the benefit of the street railway company losses which are claimed to have been sustained by it in consequence of alleged breaches by the defendant Bowen of his fiduciary obligations as its president and director.

The facts were found by a master.

The by-laws of the company provide that the officers shall consist of a president, vice-president, board of directors, clerk, treasurer, and manager,…