Gas-Ice Corporation v. Newbern

This is a suit by a corporation against its former president, both individually and as the executor of the estate of his deceased wife, alleging that he violated his fiduciary duty by making profits and receiving other benefits in various transactions with the corporation, and demanding an accounting. Plaintiff appeals from those portions of the decree which denied most, but not all, of such relief.

Plaintiff contends that the trial court erred as follows: (1) In not determining that the so-called “Phillips contract” was acquired by defendant and sold to plaintiff in breach of his fiduciary…