Eston v. Argus, Inc.

Plaintiff Louis M. Eston, a shareholder in defendant Argus, Inc., and a resident of Wayne county, Michigan, brought suit in equity in that county on behalf of defendant corporation. The bill of complaint, dated August 8, 1949, alleged that the directors and officers, by negligence and mismanagement, had dissipated funds of the corporation and asked a judgment in damages for the corporation against them. Defendant corporation has its principal place of business in Washtenaw county, and it was served there. It filed a special appearance and on September 8, 1949 moved to dismiss on the ground…