Rudolph Beuc v. Rethemeyer

LAURANCE M. HYDE, Special Commissioner.

Shareholder’s derivative action seeking repayment to Rethemeyer Coffee Company of $55,000 for claimed excessive salary paid to Arthur Rethemeyer and for $50,000 punitive damages for plaintiffs because of payment of the claimed excessive salary to Arthur. Judgment was for defendants and plaintiffs have appealed. We have jurisdiction because of the amount involved since appeal was filed here December 17, 1971. We affirm.

The company’s business is mainly importing, buying, blending, roasting and selling coffee and peanuts. It was incorporated in 1931.…