Gresov v. Shattuck Denn Mining Corp.

In this derivative stockholder’s suit, the plaintiff, who was formerly a director and chairman of the board of directors of Shattuck Denn Mining Corporation, hereafter referred to as “ Shattuck ”, charges that the director Willard J. La Morte, hereafter referred to as “ La Morte”, and other directors of the Shattuck Corporation injured the corporation in respect to two separate stock transactions.

In the first cause of action it is alleged that $68,692.31 improperly accrued to La Morte in the exchange of Richmond Screw Anchor Co., Inc. stock (hereafter referred to as “ Richmond ”) for Shattuck…