Putnam v. Juvenile Shoe Corporation

Suit in equity by a minority stockholder to compel directors to restore to the corporate treasury moneys paid out as a bonus or deferred salaries to officers and employees of the corporation, including certain of such directors. Judgment below was for defendants and plaintiff has appealed to this court.

Defendant Juvenile Shoe Corporation is organized under the laws of Missouri, and was made a defendant because said corporation is said to be under the domination and control of the other defendants, composing its board of directors, who "would refuse to institute any action for relief in the…