Bermann v. Meth

Opinion by

Mr. Justice Cohen,

This is a derivative action brought by the owner of one-third of the shares of the McCloy Company alleging that Harry Meth, the company’s president, received excessive salaries for the years 1960-67, inclusive.

Appellant, Meth, was a co-founder of the company which is engaged in the office furniture and supplies business and has been connected with it as an officer since 1915. Appellee’s father was also a co-founder, and upon his death on December 26, 1959, she inherited a one-third interest.

The lower court found as fact that between January 1, 1960, and December…